Lloyds TSB reduces mortgage rates across its range

FOR IMMEDIATE RELEASE

Lloyds TSB reduces mortgage rates across its range

Lloyds TSB has today reduced mortgages by up to 0.40% across its mortgage range for homemovers, first time buyers and remortgage customers.

The changes, which come into effect today (Friday 2nd August) include a 0.20% rate reduction on Lloyds TSB flagship Lend a hand and Local Lend a Hand mortgage schemes, with rates now starting at 3.44% and 3.74%

Rates are also being reduced on the following mortgage products:

Homemovers 60% LTV 2 year fixed and tracker rate mortgages have been reduced by up to 0.20% with rates now starting at 2.49% with no fee 75% LTV 2 year fixed and tracker rate mortgages have been reduced by 0.20% with rates now starting at 2.49% with a fee of ?995 85% LTV 2 year fixed and tracker rate home mover and first time buyer mortgages have been reduced by 0.20% with rates now starting at 3.79% with a fee of ?995 (?0 for first time buyers) 90% LTV 2 and 5 year fixed rate mortgages have been reduced by 0.20% with rates now starting at 4.99%

Rates have also been reduced on longer term products. With Lloyds TSB's 7 year 90% LTV mortgages for first time buyers being reduced by 0.20% to 4.79%.

Marc Page, Mortgages Director at Lloyds TSB said: "We are making a series of reductions to our entire range of mortgage products and continue to offer excellent products for first time buyers, homemovers and remortgage customers. In addition we are currently offering remortgage customer's ?500 cashback to help with any exit fees they may need to pay, in addition to our remortgage service and no upfront fees products, helping to make remortgaging save our customers money."

ENDS

Press Office Contacts:

Laura Ellman, Media Relations Manager, Lloyds TSB Laura.ellman@ / 020 7 356 2200

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