1 Oct

Lloyds launches low-rate mortgages to boost houses for sale in the UK

Lloyds launches low-rate mortgages to boost houses for sale in the UK

Lloyds TSB has launched low-rate mortgages to help homebuyers purchase a house for sale in the UK.

The new fixed-rate product at 3.99 per cent is available to first-time buyers, homeowners and remortgagers with a loan-to-value of 70 per cent or below.

Speaking on the latest home loan, Stephen Noakes, commercial director of mortgages at the firm, said: "This is our lowest three-year fixed-rate ever, which will be available to the majority of home movers."

He added that the financial services provider is "committed to offering our customers flexible and competitive products".

This loan could help boost the number of transactions of houses for sale in the UK as homebuyers are likely to be tempted by the low-rate.

Last week, Santander released a four-year fixed-rate product at 4.75 per cent available on mortgages with a loan-to-value of 75 per cent in order to give customers "peace of mind" by being able to pay it back at a consistent rate.  ADNFCR-1222-ID-800094335-ADNFCR

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