The product is available to first-time buyers, house purchasers and remortgagers whose loan to value is 75% or below.
Product details:
- 3 year fixed product
- Available to all homebuyers and remortgage customers, including first-time buyers
- £1495 product fee
- 75% maximum loan to value
- ERC's 3% in year one, 2% in year two, 1% in year 3
Stephen Noakes, commercial director of mortgages at Lloyds TSB comments
"This product has been designed to give our customers choice. For some borrowers having low up front costs is a priority, but with increasing commentary about potential interest rate rises over the coming year, many borrowers will be looking for the security of lower monthly payments for the next three years which this product provides."
