Lloyds Bank is set to bring down the rates across its two-year fixed rate mortgages to 0.20%.
Lloyds Bank mortgages director, Marc Page, said over the last two years more people have started to move up the ladder, and it is good news that the market is starting to move again.
Go deeper with GlobalData
"However, even if you’re not looking to buy a new home, it’s still a good time to see if you could save on your monthly repayments by remortgaging. Through these changes, we’re introducing some competitive options for homeowners," Page added.
The new rates are applicable for all the current account holders of Lloyds Bank.
The new rate for remortgage customers is a 2-year fixed rate of 3.34% with a £995 fee available up to 85% loan-to-value (LTV).
Rates for Lloyds’ homemovers include a 2-year fixed rate of 2.29% with a £995 fee available up to 75% LTV.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataOther rates for homemovers include 3.39% with a £995 fee available up to 85% LTV or 3.19% for customers with Lloyds Bank current account.
