Lloyds TSB launches new no fee 2-year fixed rate mortage deal

Lloyds TSB has this week reduced its 2-year fixed rate fee free home mover mortgage product to its lowest rate this year, making it one of the best buy 2-year fee free deals on the market.

Lloyds TSB is now offering its 2-year fixed rate deal with no fee at 3.04% for first time buyers, and home movers, available at 0-60% LTV. This is a reduction of 0.10%.

The 60% LTV two year fixed range now includes:

3.04% Fixed until 31 January 2014 with no fee
2.64% Fixed until 31 January 2014 with a £995

All products are available on loans from £5,000 up to £1 million.

Stephen Noakes, Commercial Director of Mortgages, Lloyds TSB, said: "We have noticed an increase in the popularity of no fee products, and we have reduced this rate to a best buy level to make this mortgage even better for our customers."