Lloyds Bank reduces rates and fees across its mortgage range

Lloyds Bank has cut rates and fees on a wide range of its mortgages for first time buyers, homemovers and remortgage customers.

Available from today (10 October 2014) changes include:

Rate reductions on 2 and 5 year fixed remortgage products by up to 0.40%.

All £995 and £999 product fees reduced to £495, which includes homemover, first time buyer and remortgage products.

As a result, remortgage customers can now benefit from the following rates:

2 year remortgage at 0-60% LTV reduced by 0.15%, to 1.99% with £495 fee. Previously this was 2.14% with £995 fee.

2 year remortgage at 80-85% LTV reduced by 0.40%, to 2.84% with £495 fee. Previously this was 3.24% with £995 fee.

Marc Page, Mortgages Director at Lloyds Bank said: “The rate cuts and fee reductions on our mortgage range provide competitive options to customers looking for a good deal whether they are a first time buyer or moving up the ladder.”

In addition to this, Lloyds Bank is rewarding customer loyalty by offering exclusive access to rates on a range of products, including mortgages. Any customer with a Club Lloyds current account can avail of a mortgage rate reduction of 0.20%.