Bluestone Mortgages has brought out a new remortgage product that features a cashback benefit.

The remortgage is available at up to 60% LTV on a two-, three-, for five-year fix. Rates start from 4.10%. There are zero application charges and, outside of Scotland, the product comes with a free valuation.

Cashback, for contribution towards solicitors costs, comes to £500.

The lender reports that its new remortgage will be available across all credit tiers.

Bluestone sales and marketing director Reece Beddall says: “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.”