Bluestone Mortgages has launched a cashback remortgage product which is available across all of its credit tiers.

The products come with a £500 contribution towards solicitors costs for customers looking to consolidate debt, transfer equity or those with unencumbered properties. Any like-for-like remortgages and capital raising will qualify for Bluestone’s free legal process.

The full remortgage range also has no application costs and comes with a free valuation. This does not apply to Scottish properties where there are no free legals. However all Scottish remortgages will qualify for the £500 contribution to their solicitor’s costs.

Rates start from 4.10% at a LTV of 60% and will be available on a two, three and five-year fix.

Reece Beddall, sales & marketing director at Bluestone Mortgages, said: “We’re delighted to launch our first ever cashback remortgage product range. With many customers struggling with the financial challenges brought on by the pandemic and the rising cost of living, this has led to a rise in the number of missed payments and therefore increased debt.

“This product will give these customers the opportunity to consolidate these debts, as the cashback available will help with the payment of disbursements often required during the debt consolidation process.”