Customers who open or hold a TSB current account can receive £500 cashback upon completion of their remortgage to TSB.

Cashback is offered to all existing TSB current account holders or customers choosing to open a current account alongside their new TSB mortgage, as long as at least £1,000 per month is credited to their TSB current account.

TSB’s remortgage products have rates starting from 1.79% and the lender also has fee-free remortgage products with interest rates starting from 2.49%.

These products come without application or product fees, and TSB will pay for the valuation and standard legal fees.

Ian Ramsden, mortgages director at TSB, said: “Customers could potentially save thousands by switching their mortgage. Those looking to remortgage can now make significant savings with our range of fee-free products in addition to our £500 cashback offer.

“This is just one of the ways in which TSB is helping fuel local economies by putting money back into its customers’ pockets.”