TSB is offering £500 cashback to its remortgage customers, provided they either open or hold one of its current accounts to run alongside their home loan.
The new bank, which launched in September and aims to set up an intermediary channel next year, offers a range of remortgage products with interest rates starting from just 1.79%.
It also offers free-free remortgage products with rates starting from 2.49%.
These products have no application or product fees, and TSB will pay for the valuation and standard legal fees.
To qualify, customers must credit at least £1,000 a month to their TSB current account.
Remortgage products are available up to 85% LTV.
TSB mortgages director Ian Ramsden said: “Customers could potentially save thousands by switching their mortgage. Those looking to remortgage can now make significant savings with our range of fee-free products in addition to our £500 cashback offer.
The cashback is offered for a limited time period only, and is paid via solicitor on completion of the mortgage to eligible current account customers.
Customers must have owned their new property for at least six months by the time their new mortgage starts.
The deals include free valuation for properties up to £1m. Fee-free remortgage products are available to new remortgage customers only.
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