The product is available to first-time buyers, house purchasers and remortgagers whose loan to value is 70 per cent or below, meaning the deal is available to the majority of home movers – CML statistics state that the average deposit is 33 per cent.
Product details:
3 year fixed product
Available to all homebuyers and remortgage customers, including first-time buyers
£895 product fee
Free conveyancing
70 per cent maximum loan to value
Carol Anderson, head of mortgages at Lloyds TSB Scotland commented: “This is our lowest three year fixed rate ever, which will be available to the majority of home movers. We’re committed to offering our customers flexible and competitive products and to support homebuyers we’re also providing a free legal service on all mortgage applications for home purchases made throughout October, this could save borrowers on average £550² on their purchase. When taking advantage of this service it makes our three year fixed product excellent value.”
Homebuyers will also benefit from the free Lloyds TSB Scotland Home Harmony service, which provides access to a dedicated telephone helpline and website with details of trusted local services and tradespeople including plumbers, drycleaners and babysitters, who are all on hand to help them settle into their new home.
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