Lloyds Bank reduces mortgage rates

Lloyds Bank is to reduce rates across its range of 2 year mortgages.

The changes, which come into effect on Friday 17th January, include reductions of up to 0.20%. The new rates include:

2 year fixed rate of 3.34%, with a £995 fee, available up to 85% LTV for remortgage customers with a Lloyds Bank current account.

2.29% fixed for 2 years, for homemovers with a Lloyds Bank current account (max LTV of 75% LTV, with a £995 fee).

2 year fixed homemover product, up to 85% LTV, at 3.39% with a £995 fee, or 3.19% 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.”