Nationwide has been contacting members to offer eligible homeowners who remortgage to the building society a choice of £500 cashback or free standard legal fees.
The offer is aimed at members reviewing their options as their existing mortgage deals expire, with the building society warning that staying on an expired deal can lead to sudden monthly payment hikes.
Who can qualify for the offer
In an email to members, Nationwide said: "When you bring your mortgage to us, you can choose between £500 cashback or free standard legal fees."
To qualify, homeowners must switch their mortgage from another lender to Nationwide. Those seeking to borrow up to 95% loan-to-value can do so, but only if they are not borrowing extra funds, have no secured debts and are not repaying a second-charge mortgage.
Terms and conditions apply
All applications are subject to standard affordability checks, eligibility criteria, and terms and conditions apply.
