Lloyds Bank has reduced rates across its range of two-year mortgages.

The changes include reductions of up to 0.20 percentage points.

The new rates include:

• A two-year fixed rate of 3.34%, with a £995 fee, available up to 85% LTV for remortgage customers with a Lloyds Bank current account.
• 2.29% fixed for two-years, for homemovers with a Lloyds Bank current account (max LTV of 75% LTV, with a £995 fee).
• A two-year fixed homemover product, up to 85% LTV, at 3.39% with a £995 fee, or 3.19% for customers with a Lloyds Bank current account.

Additionally, the Local Lend a Hand rates have also been reduced by 0.10 percentage points.

Marc Page, mortgages director at Lloyds Bank said: “Over the last two years more people have started to move up the ladder, and it’s good news that the market is starting to move again.

“However, even if you’re not looking to buy a new home, it’s still a good time to see if you could save on your monthly repayments by remortgaging. Through these changes, we’re introducing some competitive options for homeowners.”

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Notes to editors:

Further information on 2 year mortgage rate changes from 17 January:

Selected rates on 2 year fixed and tracker homemover and first time buyer products at 60 to 75% and 80 to 85% LTV reduced by 0.10%.
Selected rates on 2 year fixed and tracker homemover and first time buyer products at 75 to 80% LTV reduced by 0.15%.
Selected rates on 2 year fixed and tracker remortgage products between 60 to 85% LTV reduced by up to 0.20%.