Lloyds TSB will offer a new range of 18 month fixed rate products, with rates starting from as low as 5.99 it has announced.

Richard Rowntree, Head of Network Mortgage Sales Operations at Lloyds TSB commented, “This range caters for the new breed of ‘wait and see’ homeowner. Some customers crave the stability of a fixed rate deal but believe the interest rate environment will look different by 2009 and want the opportunity to take advantage of any falls.

With these products customers have the security of knowing their monthly payments are fixed but also have the option to reassess their situation in eighteen months’ time.”

Product: 1.5 year fixed rate
Rates: 5.99
LTV: Up to 90%
Application fee: £99
Product fee: £995
Early Repayment charge: 3/2%Product: 1.5 year fixed
Rates : 6.29%
LTV : Up to 90%
Application fee : £99
Product fee : £0
Early Repayment charge: 3/2%

Product : 1.5 year fixed
Rates : 6.39%
LTV : 90 – 95%
Application fee : £99
Product fee : £995
Early Repayment charge: 3/2%

Product : 1.5 year fixed
Rates : 6.69
LTV : 90 – 95%
Application fee : £99
Product fee : £0
Early Repayment charge: 3/2%

Customers wishing to find out more about Lloyds TSB mortgages can contact their local
branch, call Mortgage Direct on 0800 015 4197 or visit www.lloydstsb.co.uk