Lloyds TSB launches 2.94% fixed rate mortgage

Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%. The product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.

Product details

2 year fixed product
Available to all Homebuyers and Remortgage customers, including First Time Buyers
£1895 product fee
70% maximum loan to value

Stephen Noakes, commercial director of mortgages at Lloyds TSB comments, "Twenty years on from the peak of fixed rate products, we're launching a new, market leading rate. Whether you're looking to buy a new home or remortgage to the stability of a fixed deal, this provides certainty of an attractive rate for two years".

Homebuyer customers will also benefit from the free Lloyds TSB Home Harmony service, to help them settle into their new home.

The product is available in branches of Lloyds TSB and Cheltenham and Gloucester.