Halifax has offered customers looking to remortgage direct with the bank a £250 cashback on completion of their mortgage.
It has also reduced rates across its first-time buyer and home mover range by 0.2 per cent.
Customers looking to switch their mortgage to Halifax before 24 April can benefit from remortgage rates starting at 2.24 per cent.
Craig McKinlay, mortgages director at Halifax, said: “Halifax is committed to providing competitive mortgages and great service to our customers.
“Existing homeowners stand to save a significant amount by switching their mortgage to the Halifax, not only on their monthly payments, but this latest offer means that the cost and any hassle has also been reduced significantly.”
Rates have been reduced by 0.2 per cent on two and five year fixed rate home mover and first-time buyer mortgages, with rates now start at 1.84 per cent with a £495 fee on a two-year fixed rate mortgage.
Longer fixes are available with five-year deals starting at 2.54 per cent with a £495 fee.
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Daniel Bailey, a mortgage broker with Derbyshire-based Middleton Finance, said: “Cashback offers are certainly worth taking into account.
“If there is a two-year fix I look at the cost over the two-year period, so you need to factor in all the costs including the arrangement fee.”
