Security fees

Taking security can be complex. We’ll provide you with an estimate of the fees and expenses which may be payable in any given situation. The following are examples of typical fees which apply in routine cases:

Examples of typical security fees
	Charge
First legal mortgage over a property, such as business premises	Charge £200
Second or subsequent legal mortgage over a property, such as a house or business premises	Charge £150-£200
Legal mortgage over a life assurance policy	Charge £80

You will also be required to pay expenses and fees which we may incur, such as:

solicitors' and / or valuation fees
expenses in connection with enquiries made about the security
fees payable to register the security, where applicable.

ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.

You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

All lending is subject to status

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk