Lloyds Bank launches ‘hassle-free’ mortgage
Lloyds Bank has launched a new ‘hassle-free’ mortgage offer, designed to help ease the pain for homeowners by taking care of their mortgage arrangements and covering the upfront costs.
The new product provides first-time buyers, home movers and those seeking to remortgage to Lloyds Bank with a range of benefits designed to support them through what can often be a stressful time.
Who can get it?
The ‘Hassle-Free’ offer applies to qualifying mortgages across the Lloyds Bank range, including selected two-year fixed rate mortgages for home movers with deposits of 40% and over, and first-time buyers and remortgagors with 25% upfront.
The new offer also includes buy-to-let properties to support those looking to buy their first property to rent out, or expanding their property portfolio.
What do you get?
Lloyds Bank’s mortgage and protection advisers will help customers navigate the mortgage process and 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 purchase legals, valuation and mortgage fees. In other words the deals are completely fee-free.
Lloyds Bank mortgage products director Andrew Mason 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.”