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Lloyds TSB lowers rates

Lloyds TSB has cut its mortgage rates for the second time in two weeks amid further signs that competition is returning to the mortgage market.

Main fixed rates will fall by up to 0.31% at the firm, which also lends under the Cheltenham & Gloucester name.

Tracker deals will be cut by 0.1% and its two-year fixed-rate loan for people borrowing between £50,000 and £250,000 is being cut by 0.5% to 5.49%.

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