Lloyds Bank has cut rates for the home movers and first-time buyers among its existing customers.
Key features
For those looking to move home, 90 per cent loan-to-value two and five-year rates have been reduced by 0.3 per cent.
This starts from 4.29 per cent with a £995 fee and one month’s payment back for Club Lloyds customers.
For first-time buyers, 90 per cent LTV two and five-year rates have been reduced by 0.3 per cent.
This starts from 3.84 per cent with a £995 fee for Club Lloyds customers.
IFA verdict:
Chris Taylor, director of London-based The London Mortgage Brokers, said: “Some of the cheapest two-year fixed rates are coming in at less than 3 per cent, so these rates are not very competitive. But perhaps Lloyds will attract business on the basis of the criteria it focuses on rather than just the rates.”
