Lloyds TSB: Fixed-rate mortgages launched

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Lloyds TSB: Fixed-rate mortgages launched

Lloyds TSB has announced the launch of a range of new fixed-rate mortgage products, which it claims offer some of the best rates of interest on the market.

The new offerings include a two-year fixed-rate mortgage charging interest at a rate of 3.29 per cent for house purchases with a 60 per cent loan to value ratio. This mortgage also charges a 2.5 per cent arrangement fee.

Other offerings include a two-year mortgage with a fixed arrangement fee of £995 which charges a fixed rate of interest of 3.79 per cent.

Stephen Noakes, commercial director of mortgages, Lloyds TSB said: "More than two-thirds of our customers are currently choosing fixed rates for remortgage and house purchase, to benefit from locking in while mortgage prices are bottoming out."

With the Bank of England's base rate of interest currently at an all time low, many fixed rate mortgages are also charging less interest than they have been for the last few years.

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