The first is a two-year fixed rate mortgage at 3.68% (APR 5.8%). The maximum loan is £300,000, with a maximum loan-to-value of 95%. The application fee is £95 and £295 is added on completion.
The second mortgage is a five-year tracker mortgage at 3.75% (APR 5.6 per cent), based on a Bank of England base rate of 3.5%.
Commenting on the new products, Peter Todd, marketing manager at the Lambeth, said: "These two new products reflect our strategy of aiming to remain a market leader in providing highly competitive mortgages for today's seriously price-driven homeowners and first-time buyers."
