Lloyds Bank has extended its existing £500 remortgage cashback offer to include its first-time buyer and homemover range.

From today (4 January 2016) until 28 February customers choosing a qualifying mortgage with Lloyds Bank will receive £500 cashback on completion of their mortgage.

Lloyds Bank customers can also continue to take advantage of the Lloyds Bank Switcher Service, which offers customers a dedicated mortgage adviser and no charge for the standard valuation and basic legal fees. The bank claims that, on average, it saves customers around an additional £300.

Andrew Mason, mortgages director at Lloyds Bank, said: “We are committed to providing good value through our mortgage offering, and this £500 cashback comes at a time of the year when we all know finances can be particularly stretched.”

Lloyds Bank also rewards 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 discount of 0.20 percentage points.