Lloyds Bank is set to reduce rates across its range of two-year mortgages from tomorrow (17 January).
The changes include reductions of up to 0.2 per cent, including:
• a two year fixed rate of 3.34 per cent with a £995 fee, available up to 85 per cent LTV for remortgage customers with a Lloyds Bank current account;
• a 2.29 per cent fixed for two years, for homeowners with a Lloyds Bank current account, with a maximum loan to value of 75 per cent and a £995 fee; and
• a two-year fixed homeowner product, up to 85 per cent LTV at 3.39 per cent with a £995 fee, or 3.19 per cent for customers with a Lloyds Bank current account.
Marc Page, mortgages director at Lloyds Bank said: “Over the last two years more people have started to move up the ladder, and it’s good news that the market is starting to move again.
“However, even if you’re not looking to buy a new home, it’s still a good time to see if you could save on your monthly repayments by remortgaging. Through these changes, we’re introducing some competitive options for homeowners.”
