Lloyds reduce mortgage rates

New rates include a 2-year fixed rate of 3.34% with a £995 fee, available for up to 85% loan-to-value for remortgage customers with a Lloyds current account.

Marc Page, mortgages director at Lloyds Bank, said: “Over the last two years more people have started to move up the ladder, and it's good news that the market is starting to move again.

“However, even if you're not looking to buy a new home, it's still a good time to see if you could save on your monthly repayments by remortgaging. Through these changes, we're introducing some competitive options for homeowners.”

Other rates for homemovers with Lloyds include 2.29% fixed rate deal for two years with a maximum LTV of 75% and a £995 prodyct fee.