The new first time buyer rates from Lloyds Bank include:
- 2 year fixed at 75% LTV, reduced by 0.40% to 1.99% with a £995 fee for Club Lloyds customers, 2.19% otherwise.
- 2 year fixed at 85% LTV, reduced by 0.35% to 2.54% with a £995 fee for Club Lloyds customers, 2.74% otherwise.
Additionally, Lloyds Bank will refund one month’s standard mortgage payment for qualifying homemovers, up to the value of £1,000.
Andy Hulme, Mortgages Director at Lloyds Bank, said:
"Offering cashback on a month’s mortgage payment is a great way to help homemovers settle into their new house and reduce their costs at what is an expensive time. Most people want to focus on the task of turning their new house into a home as quickly as possible, and a potential refund of up to £1,000 will help them do that.”
The cashback offer will be available on all homemover mortgages from Lloyds Bank, up to 95% loan to value, including the bank’s Help to Buy mortgage guarantee scheme products.
Any customer with a Club Lloyds current account will also receive a mortgage rate reduction of 0.20%.
