Lloyds TSB launches new fixed rates

With effect from Thursday 23rd August, Lloyds TSB will be reducing the rate on an already competitive two-year fixed rate and launching a further three new products - a two-year and five-year fixed rate and a two-year tracker.

Details of the new fixed rates are as follows:

Two-year fixed rate (with a fee of £1,999) up to 90% LTV - now 5.79% (was 5.88%)

Two-year fixed rate (with a fee of £999) up to 90% LTV - 5.99%

Five-year fixed rate (with a fee of £999) up to 90% LTV - 5.99%

Details of the new tracker are as follows:

Two-year tracker (with a fee of £1,999) up to 90% LTV - 5.49% (BBR - 0.26%)

Alison Burns, Lloyds TSB's director of network mortgage sales commented, "The new products enhance our customers' choice of rate and fee options so they can tailor the mortgage to their specific needs. Combine the fact that the product fees can be added to the loan with real flexibility and it makes this all round a great mortgage deal for more customers."