Lloydstsb Offers Current Account Customers A 0.2% Mortgage Interest Rate Reduction

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LloydsTSB has launched a new mortgage deal which gives its current account customers a 0.2% reduction on its mortgage rates. This is available to any LloydsTSB current account customers who deposit £1,000 or more each month and are taking out a new LloydsTSB mortgage.

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Increasingly, we have also heard from our customers of their desire for added flexibility in mortgage products to help future-proofing mortgage commitments, which can be adapted and suited to their every changing need.

LloydsTSB has launched a new mortgage deal which gives its current account customers a 0.2% reduction on its mortgage rates. This is available to any LloydsTSB current account customers who deposit £1,000 or more each month and are taking out a new LloydsTSB mortgage.

LloydsTSB current account customers who take advantage of this deal could save hundreds of pounds per year on their mortgage interest rates.

In the first year alone, on a 3.99% fixed rate mortgage of £150,000, reduced to 3.79%, LloydsTSB current account customers could save £197, and within two years the customer could therefore save £395 on their mortgage payments.

On a 3.99% interest only payment mortgage of £150,000, reduced to 3.79%, a LloydsTSB current account customer could save £301 in the first year, and within two years the customer could save £603.

This benefit complements LloydsTSB’s wide range of flexible features for its mortgage customers – homemovers, remortgage and first time buyers - providing borrowers with different options that will ensure their mortgage supports them during any potential change or transition periods.

Stephen Noakes, head of mortgages at LloydsTSB, said: “Rewarding our current account customers by helping to reduce the costs of their mortgage payments is just one of the ways LloydsTSB will continue to deliver the best value mortgages and develop deeper relationships with our customers in these still challenging times.”
“Increasingly, we have also heard from our customers of their desire for added flexibility in mortgage products to help future-proofing mortgage commitments, which can be adapted and suited to their every changing need. Our recent commitments on extending the ability to overpay is just one component of our flexible benefits.”

To take advantage of this deal, customers can find out which mortgage is best suited for them and make an application in branch or over the phone.

Notes to editors:

Flexible benefits LloydsTSB offers mortgage customers:

  •     Up to 3 other people to apply for a mortgage
  •     Early repayment options
  •     A fully portable mortgage
  •     Ability to alter your mortgage term
  •     Options to swap from capital repayment to interest only
  •     Payment holidays
  •     Overpayments
  •     Ability to have up to two guarantors
  •     Ability to top-up
  •     Lend-a-hand product specially for first time buyers
  •     The parent or helper gets the opportunity to provide tangible assistance to their child/friend
  •     The parent enjoys earning 4.25% interest on their savings.

For more information:
Carole Butcher
Media Relations Manager
Tel: 020 7356 1714
carole.butcher(at)lloydstsb.co(dot)uk

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