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Lloyds Mortgages

Compare Lloyds Mortgage Rates

  • Lloyds Bank offers mortgages for first-time buyers, remortgagers, home movers and buy-to-let borrowers

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Mortgages with Lloyds Bank

Lloyds Bank offers existing and new customers mortgage deals on their first home, new home, or current home, as well as additional buy-to-let properties.

Lloyds Bank also offers current accounts, credit cards, savings accounts and more.

Existing Club Lloyds current account holders can receive exclusive discounts on their mortgage interest rate.

Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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Why get a mortgage through Lloyds Bank?

As well as offering a good range of mortgage deals, Lloyds Bank has some exclusive offers for its Club Lloyds current account customers.

For example, first-time buyers, home movers and customers who are switching their existing mortgage to Lloyds Bank can all get a 0.20% discount off their initial rate.

And if you already have a Lloyds Bank mortgage, you can also get a 0.20% discount off your initial fixed rate when you switch to a new mortgage deal.

Lloyds Bank also offers up to £1,000 cashback with its Eco Home Reward. If your mortgage qualifies, you can claim cashback for completing an eligible green home improvement.

Why types of mortgage does Lloyds Bank offer?

Lloyds Bank offers mortgages to new and existing customers:

  • 1

    First-time buyers

    Lloyds Bank offers mortgages for first-time buyers who’ve saved up a deposit of at least 5% of the property value. And if you don't have a deposit, it also offers an 100% mortgage: its Lend a Hand Mortgage, where a family member puts down 10% into a three-year fixed-term savings account.

  • 2

    Home movers

    Existing Lloyds Bank mortgage customers may be able to transfer (port) their current mortgage deal to their new home. New and existing customers can find a mortgage deal for their next home with Lloyds Bank.

  • 3

    Remortgaging

    Existing Lloyds Bank mortgage customers can look to borrow more on their current deal, or switch deals and borrow more (where possible). New and existing customers can switch to a new mortgage deal once their current deal has finished.

  • 4

    Buy-to-let borrowers

    Lloyds Bank offers mortgages for buy-to-let borrowers – terms and conditions will apply.

How do you apply for a Lloyds Bank mortgage?

Once you have a mortgage agreement in principle from Lloyds Bank and have found a home you want, you can then apply for a mortgage.

When filling out an application, you’ll need to fill out some information, including: personal details, income, credit history, and details about the property you want to buy.

You can apply for a Lloyds Bank mortgage in branch, over the phone, online or via a video appointment.

If you’d like to speak with a mortgage adviser before you make an application, you can do so: either by booking an in-branch appointment, or calling the helpline on 0800 783 3534. Lines are open 8am-8pm Monday to Friday, and 9am-4pm on Saturdays.

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How do I compare Lloyds mortgages?

With MoneySuperMarket, you can quickly find and compare mortgage deals by type of mortgage, initial monthly cost, initial interest rate, the maximum loan-to-value each provider offers, and whether there are any mortgage fees.

  • Buying or remortgaging?

    Tell us whether you’re looking to buy or remortgage, and whether you’ll use the property to live in or rent out to tenants

  • Tell us a few details

    Let us know an estimate of the property value, your deposit, the length of your desired term, and how you want to repay

  • We find the deals

    We sift through the mortgage deals available. This way, you can see what's on offer and make an informed choice

Applying for a mortgage agreement in principle with Lloyds Bank should take no longer than 15 minutes to complete. It’ll give you an instant decision of how much you could borrow.

You’ll need to provide information on your income and outgoings and the addresses you’ve lived at over the past three years.

Applying for a mortgage in principle won’t affect your credit score.

There are several ways to get in touch with Lloyds Bank:

  • By phone – Call them on 0800 783 3534 to speak to a mortgage expert. Lines are open 8am-8pm Monday to Friday, and 9am-4pm on Saturdays

  • By visiting a branch – Visit or call your local Lloyds Bank branch to arrange an appointment. You can also request a telephone or video appointment from your local branch

  • By video call – Call them on 0345 122 1337 to book a Mortgage Video Call. Lines are open from 8am-8pm Monday to Friday and 9am-4pm on Saturdays

If your bank goes bust and you have a mortgage with them, it won’t be cancelled. You’ll still owe money to the lender, and its charge over your home will still stand.

Your existing debt would be sold on to another bank or building society in an administration process. You’d then owe the new bank the money.

In the event that your bank goes bust, you should continue to make your monthly payments as normal. You should also be given advice on your situation and what you can do.

However, things are slightly different if you have a particular type of offset mortgage. If the amount held in savings exceeds the mortgage debt, the balance would be protected by the Financial Services Compensation Scheme (FSCS): up to £85,000 or £170,000 for a joint account.

Whether you qualify for a mortgage with Lloyds depends on many factors, such as your finances, credit history, income, expenditure, deposit, and any debts.

Also note that there are some age restrictions in place. You need to be at least 18 years old to be approved for a residential mortgage, and 21 years old for a buy-to-let mortgage. Some lenders might also have maximum age limits.