moneysupermarket.com: Lloyds TSB airmiles mortgage

Commenting on the launch of the new three year fixed rate Lloyds TSB airmiles mortgage product, Louise Cuming, head of mortgages at moneysupermarket.com, said: "This is a great product for cash strapped Brits in need of a little help to go on holiday, but only if the product is suitable for them and they are able to take advantage of the rewards scheme. It's impressive they have shown enough initiative to deliver a deal with good rates and a rewards package that will actually be useful for many people.

"However, with an interest rate of 5.89 per cent and a £995 arrangement fee you could get a cheaper mortgage deal from HSBC or Alliance & Leicester. It is also interesting to see Lloyds buck the growing green bandwagon by helping Brits add to their carbon footprint with these extra flights."