Lloyds TSB launches 3.29% fixed-rate mortgage
by David Masters
Lloyds TSB has launched a range of new fixed-rate mortgages with interest rates starting at 3.29%.
This headline rate is available on two-year deals with a loan to value (LTV) of 60% or below.
Other new products include a 3.99% two year fixed-rate mortgage at 75% LTV, and a 4.99% five year fixed-rate product, also at 75% LTV.
Stephen Noakes, Lloyds TSB’s commercial director of mortgages, said: “More than two-thirds of our customers are currently choosing fixed rates for remortgage and house purchase, to benefit from locking in while mortgage prices are bottoming out.”
In related news, a report last month by the Royal Institute of Chartered Surveyors revealed that new buyer inquiries had increased for the fourth month in a row.
However, during the same month mortgage lending dropped to an eight year low.
Discuss this in the Finance Markets forums
Story link: Lloyds TSB launches 3.29% fixed-rate mortgage
Related financial stories to: Lloyds TSB launches 3.29% fixed-rate mortgage:
- Lloyds launches fixed-rate ISA
- Lloyds TSB launches new tracker range
- Coventry launches 4.99% fixed rate mortgage
- Leeds launches five-year 5.35% mortgage
- L&G launches 4.29% fixed-rate mortgage deal
Next: Saga fixed-rate savings account pays 3.5% »
Visited 2469 times, 4 so far today
No Comments »
No comments yet.
RSS feed for comments on this post.
Leave a comment
Tags: 3.29%, 3.99%, 60% LTV, 75% LTV, fixed-rate, Lloyds TSB, new product