Customers of Lloyds Bank, buying a property for the first time or moving home will receive a free iPad when they sign up for a mortgage.

The promotion is open to those who successfully apply for a mortgage between 7 October and 27 November.
With homeowners reportedly taking up to six weeks to get internet installed in their new home, Lloyds says the iPad will help keep their customers in touch during the first few weeks of their move.

A spokesman for Lloyds Bank, said: “Our customers have told us about the inconvenience of being unconnected when moving into a new house.

“By providing customers with a connected iPad, we’re enabling them to complete those domestic necessities very quickly, such as setting up bills, transferring money or simply surfing the internet. This should make the transition of moving into a new house even more enjoyable.”

However, personal finance expert Andrew Hagger warned, that people shouldn’t be swayed by short term gimmicks when making important long term decisions regarding their finances.

“As much as people will want a shiny new iPad, it’s the total cost of the mortgage interest and associated fees that should be the focus when selecting the best home loan,” he said.