Lloyds cut rates

The range now includes 5-year homemover and first-time buyer mortgages at 75-80% LTV reduced by up to 0.31%, to 3.98% with £995 fee, or 4.18% with £0 fee.

5-year homemover and first-time buyer mortgages at 60-75% LTV are also reduced by up to 0.21%, to 3.78% with £995 fee, or 3.98% with £0 fee.

Marc Page, mortgages director at Lloyds Bank, said: “These significant rate cuts to our mortgage range should provide real support to customers, whether they’re first time buyers, homemovers or those looking to remortgage.”