Halifax has trebled its offer to those switching mortgages from other lenders to £750 of cashback.
From today (3 May) eligible customers will receive an extra bank balance boost, as well as a dedicated mortgage adviser.
The £750 will be automatically sent to the conveyancer with completion funds.
Halifax has also promised to pay standard valuation cost and basic legal fees, helping customers save an average of £300.
Craig McKinlay, mortgages director at Halifax, said: “People can often be put off remortgaging by thinking it is a daunting process and they don’t have time to take that step.”
Those applying could also get an agreement in principle within 15 minutes (without affecting credit history) by applying via their local branch, over the telephone or online.
Halifax noted the offer is only available for a limited time and excludes shared equity (including Help to Buy: equity loan), shared ownership and applications through Halifax Intermediaries.
It added there may be additional fees payable to third parties, like stamp duty, disbursements and the lessor’s registration fee.
peter.walker@ft.com
