Lloyds TSB re-mortgage deal launched
www.moneynews.co.uk > Mortgages > Lloyds TSB re-mortgage deal launched
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Money News |
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Lloyds TSB re-mortgage deal launched
Wed 19th Dec 2007
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The offer is part of the financial provider's new fixed-rate mortgage policy, which lasts for two year, with an initial rate of 5.99 per cent until March 2010. It will then revert to a standard variable mortgage rate, currently at 7.5 per cent, Lloyds TSB revealed.
Offering a cash lump sum for switchers is designed to appeal to consumers who are struggling financially as a result of expenditures during the Christmas season.
Research by Lloyds TSB found that 64 per cent of re-mortgagers are currently cutting back on their outgoings over the festive period to help meet increased mortgage repayments on a new policy.
Alison Burns, director of network mortgage sales at the bank, said the competitive fixed-rate product with £500 cashback could be a welcome boost for homeowners' new year finances.
"Many re-mortgagers are tightening the purse strings this Christmas to meet increased payments in today’s higher rate environment," she added.
Lloyds TSB also offers details of specialised mortgages for first-time buyers and buy-to-let investors via its website.
Related News : Mortgages |
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Related News : LloydsTSB |
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