From today Lloyds TSB will offer a new range of 18 month fixed rate products, with rates starting from as low as 5.99.

Richard Rowntree, Head of Network Mortgage Sales Operations at Lloyds TSB commented, “This range caters for the new breed of 'wait and see' homeowner. Some customers crave the stability of a fixed rate deal but believe the interest rate environment will look different by 2009 and want the opportunity to take advantage of any falls. With these products customers have the security of knowing their monthly payments are fixed but also have the option to reassess their situation in eighteen months' time.”

Product | Rates | LTV | Application fee | Product fee | Early Repayment charge 1.5 year fixed rate | 5.99 | Up to 90% | £99 | £995 | 3/2% 1.5 year fixed rate | 6.29 | Up to 90% | £99 | £0 | 3/2% 1.5 year fixed rate | 6.39 | 90 - 95% | £99 | £995 | 3/2% 1.5 year fixed rate | 6.69 | 90 - 95% | £99 | £0 | 3/2%

Customers wishing to find out more about Lloyds TSB mortgages can contact their local branch, call Mortgage Direct on 0800 015 4197 or visit www.lloydstsb.co.uk

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Notes to editors 1. The 18month fixed rate products are available for loans from £50k to £1m.

For more information:

Amanda Glover/ Eleanor Ross LTSB Press Office Tel: 0207 356 2021/ 0207 356 1714 Email: Amanda.glover@lloydstsb.co.uk