Lloyds offers cashback remortgage

clock

Lloyds TSB has today launched a remortgage deal with cashback to assist homeowners likely to struggle with hefty Christmas bills in the New Year.

Lloyds says research suggests 64% of remortgagers are curbing their Christmas spending to meet increased mortgage repayments. The new two-year fixed rate gives remortgagers a lump sum of £500 when they switch from another lender. The mortgage has a fixed rate of 5.99% until 31 March 2010 with a £995 product fee. Alison Burns, director of network mortgage sales, says the cashback offer will give many remortgagers a boost to their New Year finances and help them spend more at Christmas time. If you would like to comment on this story, contact: John Bakie Tel: 020 7034 2682 e-mail: John.B...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read