New ‘hassle-free’ mortgage deal at Lloyds Bank

25th April 2016

Lloyds Bank has launched a new ‘hassle-free’ mortgage offer, designed to “remove the stress and expense for movers ready to take their next step”.

The new product provides first-time buyers, home movers and those seeking to remortgage with a range of benefits designed to support them through what is often a stressful time.

The offer applies to qualifying mortgages across the Lloyds Bank range, including a two-year, fixed-rate, fee-free remortgage deal at 60-75% loan-to-value (LTV) with a rate of 2.74% for Club Lloyds customers and 2.94% for other customers.

It also includes a two-year, fixed-rate, fee-free deal for home movers at 0-60% LTV with a rate of 2.29% for Club Lloyds customers and 2.49% for other customers, and a two-year, fixed-rate, fee-free deal for first-time buyers at 60-75% LTV with a rate of 2.79% for Club Lloyds customers and 2.99% for other customers.

The new offer also includes buy-to-let properties to support those looking to buy their first property to rent out, or to expand their property portfolio.

The bank’s mortgage and protection advisers will help customers navigate the mortgage process and help to arrange the valuation and basic legal work. They will also pay all upfront fees – worth over £1,000 – related to the mortgage application, including free purchase legals and free valuation for mortgage purposes.

Customers can also get an agreement in principle (AIP) within 15 minutes, without affecting their credit history. They can also take advantage of additional information and tools including a handy mortgage calculator.

Lloyds Bank mortgage products director, Andrew Mason, said: “Whether you’re buying a first home, moving or remortgaging, it can be a daunting and expensive experience.

“We want to help remove some of the stress and expense for customers who are ready to take their next step on the property ladder, whether they are looking to purchase their first ever property, buy a bigger family home, downsize or buy a property to rent out.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.