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23 Oct 14
20:44
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20 Aug 02
Looking at switching mortgage with Lloyds (deal coming to an end with them).
On their switching mortgage page, they have three deals that seem to have identical terms - same LTV ratio, same length, same early repayment charges, all at no product fee. Yet one is 2.19%, one 2.24%, one 2.34%.
Why? Why would you opt for a mortgage at 2.34% over one at 2.19% with all other variables identical? What am I missing?
On their switching mortgage page, they have three deals that seem to have identical terms - same LTV ratio, same length, same early repayment charges, all at no product fee. Yet one is 2.19%, one 2.24%, one 2.34%.
Why? Why would you opt for a mortgage at 2.34% over one at 2.19% with all other variables identical? What am I missing?
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Replies: 6
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seem ?
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Roger, some mortgage deals with Lloyds offer lower rates if you open or already have a Lloyds bank current accout.
Club Lloyds I think they're called. |
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Here's the page.
http://www.lloydsbank.com/mortgages/compare.asp Drop down: *switching deals *fixed rate *repayment *2 years Then click find mortgages. The top three look identical apart from you can choose between a better rate or a worse one. |
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This isn't actual help, but have to agree with Roger that is strange of Lloyds to put up those identical offers.
I thought maybe the lowest rate was online only, but no, apart from the rates they are as identical as the minstrels in an ahem bag of minstrels. I notice when you try a few made-up numbers in for what you want to borrow, provided LTV is |
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less than 60%, it offers you 2.54%
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