2 year fixed deals

blackiejones77

I'm in the remortgaging period and looking for new deals. Currently with Nat West who were offering 4.39 on two year fixed about a week before the last BoE interest rate announcement then a few days before the announcement they upped it to 4.49% ! now they are offering new deals today at 4.36 for 2 year fixed. I'm tempted to take up Lloyds bank offer which is offering 4.16 % on two year fixed but has certain conditions like you must be a Club Lloyds account holder, my current mortgage is in both myself and my partner's names...would both of us need to take out a Club Lloyds account to get this offer?

Nailer99

No - only one of you need to be a Club Lloyds member. It took me approximately 15 minutes to get a Club Lloyds account before I applied for that mortgage. The terms and conditions of the mortgage offer state that you are not required to remain a Club Lloyds member to keep the mortgage. I don't even think I need to remain a Club Lloyds member all the way to completion, but I probably won't risk that,

Honestly the Club Lloyds thing is not a hurdle at all. It is £3 per month unless you pay your salary in, but you get 6 free cinema tickets per year which is already worth more than £36.