MortgagesSep 19 2014

Lloyds reduces rates across mortgage range

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Lloyds Bank has today (19 September) cut rates on a range of mortgages for homemovers, first-time buyers and remortgage customers.

The lender’s five-year homemover and first time buyer mortgages at 75 to 80 per cent loan-to-value have been reduced by up to 0.31 per cent, to 3.98 per cent with £995 fee, or 4.18 per cent with no fee.

Also on offer are a five-year homemover and first-time buyer mortgages at 60 to 75 per cent LTV reduced by up to 0.21 per cent, to 3.78 per cent with £995 fee, or 3.98 per cent with no fee.

Finally, two-year remortgage rates at 75 per cent LTV have been reduced by 0.1 per cent, to 2.49 per cent with £995 fee, or 2.94 per cent with no fee.

Marc Page, mortgages director of Lloyds Bank, said: “These significant rate cuts to our mortgage range should provide real support to customers, whether they’re first time buyers, homemovers or those looking to remortgage.”

The bank is offering exclusive access to rates on a range of products, including mortgages, so any customer with a Club Lloyds current account can get a mortgage rate reduction of 0.2 per cent.