Lloyds Bank has launched the £500 cashback offer to remortgage customers who apply for a qualifying deal before Monday 2 January 2017.

The offer’s only open to remortgage customers and excludes first time buyers.

Customers can also benefit from the bank’s ‘hassle free mortgage service’, which offers free basic legal fees, free property assessment, no mortgage account fee and no product fee on selected mortgages.

They also get a dedicated mortgage and protection adviser to help make switching their mortgage easier.

Lloyds Bank’s remortgage products that include the £500 cashback offer include:

• A 2.84% two-year fixed rate remortgage with a £0 fee, available up to 75% of the property’s value
• A 2.99% two-year fixed rate remortgage with a £0 fee, available up to 80% of the property’s value
• A 2.94% five-year fixed rate remortgage with a £0 fee, available up to 60% of the property’s value.