From tomorrow (Friday 24 October), Lloyds Bank will cut rates on its two-year fixed rate on 90% LTV mortgages for first time buyers and homemovers.

New rates are as follows:

• 2 year fixed rate mortgage at 90% LTV reduced to 3.59% with £495 fee for Club Lloyds customers. Previously this was rate was 4.34%.
• 2 year fixed rate mortgage at 90% LTV reduced to 3.99% with £0 fee for Club Lloyds customers. Previously this rate was 4.74%.

Andy Hulme, mortgages director at Lloyds Bank said: “This latest set of rate reductions will provide further support to those people buying houses with smaller deposits, helping to make their repayments more affordable each month.”
First time buyers and homemovers can also continue to take advantage of Lloyds Bank’s current offer which gives customers an iPad to help keep them connected when they move into their new house.

Customers will receive a 16GB iPad mini 4G, a 6GB data card and six months technical support, with the iPad delivered to their home address within days of mortgage completion, so they can be online as soon as they are in their new home.

Lloyds Bank is rewarding customer loyalty by offering exclusive access to rates on a range of products, including mortgages. Any customer with a Club Lloyds current account can receive a mortgage rate reduction of 0.20 percentage points.