Lloyds Bank Fixed 2.39% until 31/08/2023

Which? customer score 61%
Assumed borrowing of £125,000 over 25 years, representative 3.5% APRC. Total amount payable: £187,324.71. Includes interest of £61,329.71, Valuation fee of £0, Booking fee of £0 and Administration fee of £995. Repayments: 62 monthly repayments of £553.87 at 2.39% (fixed), then 238 monthly repayments of £638.61 at 3.99% (variable).
Lloyds Bank customer satisfaction scorecard:
How do we work this out?Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
61%Poor |
Eligibility
Maximum age | 75 |
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Minimum age | 18 |
Location | Any |
Restricted location note | N/A |
Existing customer note | N/A |
Eligibility notes | N/A |
Mortgage product details
Mortgage types | Purchase |
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Deal type | Fixed |
Tracker type | N/A |
Payment options | Interest only, Repayment |
Mortgage product features
Overpayments allowed | Yes |
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Overpayment limits note | Up to 10% of the amount owed at 1st January without having to pay an early repayment charge. |
Offset mortgage | No |
Help to Buy mortgage | No |
Shared ownership mortgage | No |
Shared equity mortgage | No |
New-build mortgage | No |
Self-build mortgage | No |
Portable mortgage | Yes |
Product fees
Arrangement fee | £995 |
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Arrangement fee can be added to loan | Yes |
Booking fee | £0 |
Telegraphic transfer fee | £35 |
Insurance fee | £0 |
Other fees | £0 |
Rate information
Minimum borrowing amount | £100,000 |
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Maximum borrowing amount | £249,999 |
Minimum term (years) | 1 |
Maximum term (years) | 40 |
Initial deal end date | 31.08.23 |
Initial deal length (months) | 60 |
APRC | 3.48% |
Initial rate | 2.39% |
Revert-to rate | 3.99% |
Maximum LTV | 60.0% |
Other charges
Exit fees | £0 |
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Valuation admin fee | £0 |
Valuation fee | From £225 for property value above £150,000 |
Early repayment note | 5% then 4% then 3% then 1.5% until end of fixed period |
Standard benefits
Valuation admin fee excluded from any refund offer | Yes |
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Maximum free valuation | £0 |
Cash back amount | £0 |
Further notes about benefits | N/A |
Remortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Payable |
Purchase mortgage benefits
Cash back on legal fees | No |
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Free legal work | Yes |
Valuation offer | Free |