Lloyds TSB unveils new fixed-rate mortgage

Nationwide launches competitive new fixed-rate mortgage

Nationwide has announced the launch of a new two-year fixed-rate mortgage that is designed to help first-time buyers in particular.
Coventry BS launch new range of fixed rate mortgage deals

Coventry Building Society has launched a new range of five-year fixed rate mortgage deals for first-time buyers, buy-to-let investors and homeowners looking to remortgage.

Thursday, 02 September 2010 12:00

A new fixed-rate mortgage product has been launched by Lloyds TSB.

The two-year deal has an interest rate of 2.94 per cent at 70 per cent loan-to-value and is available to remortgagers as well as those borrowing to fund a purchase.

Stephen Noakes, commercial director of mortgages at Lloyds TSB, described the rate as "market-leading".

"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," he said.

Existing homeowners as well as first-time buyers are eligible for the product, which carries a fee of £1,895.