22
Apr
New mortgage announcement may be welcomed by homeowners
An announcement made by a bank concerning mortgage rates may be
welcomed by homeowners in the UK.
Lloyds TSB has revealed it is now offering a 0.2 per cent reduction
in its charges for those who hold a current account with it.
The discounts could lead to savings of hundreds of pounds a year,
according to the firm - which is part of the Lloyds Banking Group
and acquired HBOS in January 2009.
For example, in the first year of a home loan charged at 3.99 per
cent on a fixed-rate deal for a house worth £150,000, people
could save £197 as a result of the new deal.
Commenting on the development, head of mortgages at the
organisation Stephen Noakes said: "Increasingly, we have also heard
from our customers of their desire for added flexibility in
mortgage products to help future-proofing mortgage commitments,
which can be adapted and suited to their every changing
need."
