Lloyds TSB customers offered mortgage rate reduction

Apr 22, 2010   //   by sam   //   Home and Living  //  Comments Off on Lloyds TSB customers offered mortgage rate reduction

Lloyds TSBLloyds TSB banking customers have been told they can qualify for a discount on their mortgages.

Anyone with a Lloyds TSB mortgage that is willing to open a current account will now be offered a reduction on their mortgage rates, it has been revealed.

This new offer is available to anyone that banks with Lloyds and holds a Lloyds TSB mortgage, on the condition that they deposit £1,000 or more into their account each month.

The reduction of 0.2% is offered to eligible customers, meaning a 3.99% fixed-rate mortgage will be reduced to 3.79%.

Stephen Noakes, Head of Mortgages at the firm, said: “Rewarding our current account customers by helping to reduce the costs of their mortgage payments is just one of the ways Lloyds TSB will continue to deliver the best value mortgages.”

He recognised that consumers seek flexibility from their financial products, which Lloyds TSB is striving to provide.

The company released its business barometer this month, which indicated that firms remain cautious, but UK confidence is on the up on the whole.

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