Lloyds Bank has launched new two-year fixed mortgage offers for first-time buyers (FTBs) and homemovers while reducing remortgage rates further.
The bank introduced, from 17 March, a new two-year fix at 75 to 85 per cent loan-to-value (LTV) and a £995 fee. The rate for Club Lloyds customers stands at 2.74 per cent, new customers can get the product at a 2.94 per cent fixed rate.
A new two-year fixed rate mortgage has been launched for first-time buyers as well. It comes with a £995 fee at 75-85 LTV. The rate for Club Lloyds clients is 2.29 per cent and for new customers it stands at 2.49 per cent.
Lloyds have reduced the rate on their two-year remortgage fix at 60-75 per cent LTV by 0.1 percentage points to 2.34 per cent for Club Lloyds customers and to 2.54 per cent for all other clients. This product has no fee.
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