Lloyds Bank has launched a new ‘hassle free’ mortgage offer, providing first time buyers, home movers and those seeking to remortgage to Lloyds Bank with a range of benefits designed to support them during an often stressful period.
The offer applies to qualifying mortgages across the Lloyds Bank range, including the following:
- Home mover two-year fixed, £0 fee at 0-60% LTV, 2.29% Club Lloyds and 2.49% otherwise
- First time buyer two-year fixed, £0 fee at 60-75% LTV, 2.79% Club Lloyds and 2.99% otherwise
- Remortgage two-year fixed, £0 fee at 60-75% LTV, 2.74 Club Lloyds and 2.94% otherwise
Club Lloyds customers can take advantage of a further 0.20 percentage point discount on their mortgage rate.
The new offer also includes buy-to-let properties.
Meanwhile, Lloyds Bank’s dedicated mortgage and protection advisers will help to arrange all of 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, free valuation for mortgage purposes and no mortgage account or product fees.
Andrew Mason, Lloyds Bank mortgage products director, said: “Whether you’re buying a first home, moving or re-mortgaging – 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.”
Lloyds added that customers can also get an Agreement in Principle within 15 minutes without affecting their credit history and can utilise their channel of choice by applying via their local branch, over the phone or online, where they can also take advantage of additional information and tools including a mortgage calculator.