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Lloyds Bank has warned customers to act now to save HUNDREDS on their mortgage repayments. Though interest rates have not returned to their all-time lows, there are still good, fixed rate deals available that will soften the effects of super-low rates ending.

Lloyds Bank reckons remortgaging a repayment mortgage to a Club Lloyds loan (4.14% fixed for 5 years, no fee) could save £275 each month compared to moving on to the average lender’s standard variable rate, with repayments of £1086.

Interest Only mortgage customers’ payments would be £757, £450 lower than being on the average SVR. Lloyds also says Club Lloyds account holders also benefit from ‘in-app’ remortgage service.

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