Lloyds Group offers mortgage discount to current account holders
The Lloyds Group this week offered a special incentive to current account holders – an extra 0.2% off their Lloyds mortgage rates.
However, the incentive only applies to those putting more than £1,000 each month into their Lloyds current account, which seems especially restrictive.
More: Lloyds TSB offers cheaper mortgage for current account holders
[A] current account customer with a typical £150,000 mortgage could save roughly £200 a year on a fixed rate deal, as the rate they are charged would reduce from 3.99% to 3.79%.
Stephen Noakes, head of mortgages, said:
“Rewarding our current account customers by helping to reduce the costs of their mortgage payments is just one of the ways we are developing deeper relationships with our customers in these still challenging times.”
Story link: Lloyds Group offers mortgage discount to current account holders