20
Mar
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.
