View more on these topics

Lloyds TSB launches 2.94% two year fix

Lloyds TSB is launching a 2.94% two year fixed rate deal at 70% LTV.

The product is available both for house purchase and remortgage with a £1895 product fee

Lloyds TSB research has found that this year fixed rates have accounted for 43% of the market, compared to 73% in 2007, with the average rate at .62%.

Data shows that fixed rate deals hit a peak of 13.85% in 1990.

Stephen Noakes, commercial director of mortgages at Lloyds TSB says:  “Two decades on from the peak of fixed rate products, we’re launching a new, market leading rate. Whether you’re looking to buy a new home or remortgage to the stability of a fixed deal, this provides certainty of an attractive rate for two years.”

Homebuyer customers will also benefit from the free Lloyds TSB Home Harmony service, to help them settle into their new home.

The product is available in branches of Lloyds TSB and Cheltenham and Gloucester.


Income protection is the more vital cover for everyone

In response to the news that almost one-third of new mortgages do not have life cover associated with them, according to Defaqto research, I think this should be more focussed on those who don’t have income protection. There can often be many good reasons for not having life insurance, for example, if you are single […]

Three catalysts for European equities

By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Lloyds TSB 6th June 2011 at 12:08 pm

    You could be owed £2400 from Lloyds TSB to find out if you are owed a refund visit a Lloyds TSB claim specialist company for more info

  • Andrew Hagger 2nd September 2010 at 2:00 pm

    Rate looks good but fee is way out of line with competitor products – consumers shouldn’t look at rate in isolation – unfortunately many do and as it is a drect product, unfortunately this may not be pointed out

  • Caroline Parkinson 2nd September 2010 at 12:00 pm

    “The product is available in branches of Lloyds TSB and Cheltenham and Gloucester.”

    Not a product for the broker market then? Just another example of the dual pricing still around. I have a number of clients looking to remortgage for whom this rate will be ideal but WIIFM?


Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now