From Friday 31 January the lender will offer qualifying remortgage customers £500 cashback for switching to the bank.
The cashback is part of the bank’s ‘switcher service’ which provides free valuation and legal fees for borrowers remortgaging to Lloyds Bank.
Marc Page, mortgages director at Lloyds Bank, said: “This is a great offer for those looking to remortgage and save money on their monthly payments.
“Offers such as this, coupled with the support provided by our popular switcher service, show that you don’t have to move house to try and get a better deal on your mortgage. This is another demonstration of our commitment to help those already on the property ladder.”