Lloyds reduces rates on 90 per cent mortgages

Available from 24 October, customers can now benefit from the following rates:

• Two-year fixed-rate mortgage at 90 per cent LTV reduced to 3.59 per cent with £495 fee for Club Lloyds customers. Previously this was rate was 4.34 per cent.

• Two-year fixed-rate mortgage at 90 per cent LTV reduced to 3.99 per cent with £0 fee for Club Lloyds customers. Previously this rate was 4.74 per cent.

Andy Hulme, mortgages director at Lloyds Bank, says: “This latest set of rate reductions will provide further support to those people buying houses with smaller deposits, helping to make their repayments more affordable each month.”