20 Mar

Bank offers new mortgage range

Bank offers new mortgage range

Lloyds TSB has announced the launch of a new mortgage range, featuring deals fixed for two and five-year periods.

The cheapest offer - for house purchases only - is a two-year product at an interest rate of 3.29 per cent and a fee of 2.5 per cent, for which the loan-to value (LTV) is 60 per cent.

Fees for the other deals are either £495 or £995, while all but one have a 60 per cent LTV ceiling.

The exception is a two-year deal at 3.99 per cent with a £995 fee, where the LTV rises to 75 per cent.

Commercial director for mortgages at Lloyds TSB Stephen Noakes commented: "We're launching this market leading range at a time when research suggests homebuyers are increasingly looking to return to the market."

Recent figures suggesting such a shift in consumer sentiment include the Royal Institution of Chartered Surveyors survey for February, which found that the month produced the highest rise in buyer enquiries since August 2006.

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