The Lloyds £500 remortgage incentive.
Lloyds Bank has announced that it is to offer its remortgaging customers a £500 incentive to choose one of its products.
The remortgage offer is available to those remortgaging through the Lloyds Bank Switcher Service but excludes shared ownership, shared equity and buy-to-let mortgages.
For Lloyds current account holders a 5 year fixed rate mortgage is available for up to 60% LTV at 2.99%, fees have been set at £995.
As rates have fallen and property prices have started to rise, the demand for remortgage deals has increased as home-owners look to switch to a lower rate to save money or release equity.
If you are on a fixed rate deal which is coming to an end you are advised to look into your remortgage options while rates remain low.
It is worth looking now even if you have a few months left to go on your current deal as mortgage offers remain valid for up to 3 months. We have already seen an increase to some lenders 3 and 5 year fixed rates, so to delay could mean paying more for your home.
If you want to review the market to see which mortgage would be best suited to your financial circumstances and available deposit, call an adviser at Deal Direct.
We are an independent and impartial broker with access to the cheapest products market wide.
Call 0800 048 8828 for impartial advice and a low rate quote.
