Mortgage News
Tesco Bank offers cashback on range of remortgage products
Tesco Bank is now offering customers cashback on a range of two- and five-year fixed rate remortgage deals.
A spokesperson from Tesco Bank told Mortgage Solutions that for five-year fixed rate remortgage products the cashback is £250, available from 60% to 95% loan to value (LTV). For two-year fixed rate remortgages the lender provides a cashback of £1,000, from 75% to 95% LTV.
The offer comes as either a free standard conveyancing service or the cashback depending on the product selected, the lender said.
All Tesco Bank mortgages offer a free valuation service.
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Julian Hartley, director of mortgages, savings and loans (pictured), said the team was pleased to be introducing the cashback option.
He said: “Currently all remortgage customers receive a free standard conveyancing service and by providing this extra little help, customers can either opt for this free service, or take a product with a cashback contribution, giving them the flexibility to choose their own legal services.”