Lloyds TSB launches 18 month fixed rate mortgage.
From today Lloyds TSB will offer a new range of 18 month fixed rate products, with rates starting from as low as 5.99.
Richard Rowntree, head of network mortgage sales operations at Lloyds TSB commented, “This range caters for the new breed of ‘wait and see’ homeowner. Some customers crave the stability of a fixed rate deal but believe the interest rate environment will look different by 2009 and want the opportunity to take advantage of any falls. With these products customers have the security of knowing their monthly payments are fixed but also have the option to reassess their situation in eighteen months’ time.”
18-month fixed rates:
- Available at 5.99 per cent, 6.29 per cent, 6.39 per cent, 6.69 per cent
- Up to 90 per cent LTV (95 per cent for rates of 6.39 and 6.69 per cent)
- £99 application fee
- £995 product fee (for 5.99 per cent and 6.39 per cent product, free for the others)
- 3/2 per cent early repayment charge
