New 2.94% fix from Lloyds TSB

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Lloyds TSB has launched a new fixed rate mortgage at 2.94%.

The product is available both for house purchase and remortgage for borrowers up to 70% LTV. It is direct-only.

Stephen Noakes, commercial director of mortgages at Lloyds TSB, said: “20 years on from the peak of fixed rate products

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