The product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%. There is a £1895 product fee.
Stephen Noakes, commercial director of mortgages at Lloyds TSB commented, "Twenty years on from the peak of fixed rate products, we're launching a new, market leading rate.
“Whether you're looking to buy a new home or remortgage to the stability of a fixed deal, this provides certainty of an attractive rate for two years."
