Lloyds offers early Christmas mortgage bonus

Lloyds Bank is looking to spread some early seasonal cheer with its latest remortgage offer.

It will refund a standard monthly mortgage payment in December, in what it says is a bid to ease the financial burden at an expensive time of the year.

Borrowers who apply from before 6 September and complete by 1 December will have one standard monthly payment refunded by 31 December.

The money, up to a maximum £1,000, will go into the bank account that pays their mortgage. 

Andy Hulme, mortgages director at Lloyds Bank, said: "We are committed to providing good value through our mortgage offering, and this will help ease the financial burden on remortgage customers over the festive period, which we all know can be an expensive time of the year.”

Remortgage rates from Lloyds Bank include:

Two-year fixed rate at 0-60% LTV charging 1.59% with £995 fee for Club Lloyds customers, 1.79% otherwise.

Two-year fixed rate at 60-75% LTV, charging 1.79% with £995 fee for Club Lloyds customers, 1.99% otherwise.

Lloyds customers can continue to take advantage of the Lloyds Bank Switcher Service, which offers a dedicated mortgage adviser and no charge for the valuation and basic legal fees, taking much of the cost and the hassle out of remortgaging.

Lloyds Bank is also rewarding customer loyalty by offering exclusive access to rates on a range of products, including mortgages.

Any customer with a Club Lloyds current account can receive a mortgage rate reduction of 0.20%.