Lloyds TSB launches a New Year mortgage special

Lloyds TSB is launching a new Low Start Mortgage, with a rate of 1.99% until 29 February 2008 moving to a rate of 5.99% until 29 February 2012.

After the five year period the mortgage will revert to the Lloyds TSB standard variable mortgage rate for the remainder of the term.

The Lloyds TSB Low Start Mortgage has an LTV of up to 90% and is available for house purchases or remortgages of £25,000 to £250,000. It is available from Lloyds TSB branches from Thursday, 28th December 2006.

Jon Pain, managing director of Lloyds TSB Mortgages, commented: "The Lloyds TSB Low Start Mortgage will help customers who are looking to keep their mortgage payments as low as possible in the first year whilst still wanting the security of fixed payments at competitive rates for a further four years."

Customers wishing to find out more about Lloyds TSB mortgages can contact their local branch or visit lloydstsb.com.