Lloyds Bank is launching from today new two-year fixed offers with lower rates and 60 per cent loan-to-value for customers looking to remortgage.
The bank is cutting the rate on its two-year remortgage fix to 1.54 per cent from 1.74 per cent previously. LTV is 60 per cent and the fee for Club Lloyds customers is £995.
Another offer is the two-year remortgage fix now reduced to 1.94 per cent from 2.14 per cent and a £0 fee for Club Lloyds customers.
Remortgage customers will also be able to continue taking advantage of Lloyds Bank ongoing offer for £500 cashback towards any costs that might be incurred as a result of moving the mortgage.
“These new rates are a great option for those looking to save money on their monthly payments when remortgaging. Many people, particularly those on standard variable rates, could save money by fixing their mortgage payments,” Andy Hulme, Lloyds’ mortgages director, said.
The bank has also come up with better two-year fixed offers for homemovers and first-time buyers, lowering rates on 60 per cent LTV mortgages by 0.25 percentage points.
Lloyds Bank gives its existing clients with a Club Lloyds current account exclusive access to rates on a range of products, including mortgages. Any of them can get a mortgage rate reduction of 0.20 percentage points.
