Lloyds Bank has cut rates on its two-year fixed rate mortgages for first time buyers, homemovers and those looking to remortgage.

Two year fixed mortgage rates for first time buyers and homemovers at 0-60% LTV, 60-75% LTV and 75-85% LTV have been reduced by up to 0.35 percentage points.

Meanwhile, remortgage rates for two year fixes at 0-60% LTV and 60-75% have been reduced by 0.10 percentage points.

New rates include the following:

• Two-year fixed rate mortgage for first time buyers at 60% LTV reduced to 1.24% with £995 fee for Club Lloyds customers. Previously this rate was 1.34%.
• Two-year fixed rate mortgage for first time buyers at 75% LTV reduced to 1.89% with £0 fee for Club Lloyds customers. Previously this rate was 2.09%.
• Two-year fixed rate remortgage at 60% LTV reduced to 1.29% with £995 fee for Club Lloyds customers. Previously this was rate was 1.39%.
• Two-year fixed rate remortgage at 75% LTV reduced to 2.04% with £0 fee for Club Lloyds customers. Previously this was rate was 2.14%%.

Any customer with a Club Lloyds current account can receive a mortgage rate reduction of 0.20 percentage points.