Lloyds cuts 5-year fixrate

This week Lloyds Bank has reduced the rate for a 5-year fixed rate mortgage by 0.07%.

Available for remortgages at 2.01%, the deal comes with free valuation and free legal fees.

Rachel Springall, finance expert at Moneyfacts, said: “This deal may well entice borrowers looking for a competitive rate over the longer-term from a high-street brand.”