Lloyds TSB launches new 3yr fix

Lloyds TSB has launched its lowest ever three-year fixed-rate mortgage, providing competitive mortgage rates for its customers.

The new product is available to first-time buyers, house purchasers and remortgagers putting down a 25 per cent deposit.

A rate of 3.74 per cent is available for borrowers who hold a current account with the bank and 3.94 per cent for non-current account holders with a £1,495 product fee.

Stephen Noakes, commercial director of mortgages at Lloyds TSB, said: "For some borrowers having low up-front costs is a priority, but with increasing commentary about potential interest rate rises over the coming year, many borrowers will be looking for the security of lower monthly payments."

Those looking for the best mortgage rates with Lloyd will also benefit from the Home Harmony service which provides access to a telephone helpline and a website with the details of trusted tradespeople.

Lloyds TSB recently made the news after its card payment system charged customers twice for some transactions made on New Year's Eve.
 

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2011-01-10 14:48:39 © Moneyextra.com