House owners are able to save typically hundreds of pounds per month when qualified to receive a remortgage.  Often house owners are unaware that this is possible, so the missed opportunity happens frequently.  Not only are remortgages favourable for house owners to possibly save hundreds per month, this extra bulk of money each month means the family budget will no longer be facing strain and causing stress to an already stressed household.

Now, remortgage candidates have more to be excited about.  When going through Lloyds Bank a remortgage makes it possible to receive a refund of up to £1,000.  This refund is possible when the remortgage applicant applies by 6 October and completes the transaction by 1 December.

The refund is quite timely as well.  It takes place at Christmas when households are typically short on money. 

Mortgage applicants who choose Lloyds also have something to smile about.  They qualify to receive a £700 refund on a pre-loaded MasterCard, if in fact they are first time buyer of a house.

Marc Page, mortgages director at Lloyds Bank, commented on the promotional programme, saying: "For some of our remortgage customers, Christmas will come early as they’ll have their monthly mortgage payment refunded by Lloyds Bank!”

Page added: “We are committed to providing good value for our mortgage customers, and these two new offers will ease the financial burden for first time buyers and those looking to remortgage over the next few months.”

Those house owners who have not considered a remortgage before now should do so based on comments from the Central Bank recently regarding the possibility of having to raise the base rate.