	u k banks offer fixed rate mortgages at pct two major u k clearing banks announced they will offer a total of mln stg in new mortgages at a fixed  rate of pct for the first three years below current bank base lending rates of pct midland bank plc mdbl l said it has initially allocated mln stg for home loans at this rate while lloyds bank plc lloy l will offer mln stg earlier this week midland said it would cut its standard rate of mortgage payment to pct from april following a half a percentage point reduction in leading banks base lending rates from pct building society and other bank mortgage rates are largely still well above the new base rate level although last year lloyds offered a fixed rate of pct on certain home loans a midland spokesman said his bank calculated that at the current level of billion stg its existing mortgage book accounts for about pct of the total british home loan market lloyds said it has billion stg in outstanding mortgage loans but had not estimated its total market share among other major clearing banks barclays plc bcs l and national westminister bank plc nwbl l said they had no immediate plans to announce similar fixed rate schemes reuter 
