Go paper-free
Amend paper-free preferences for your statements and correspondence.
Lloyds Bank is closely involved in the mortgage industry’s initiative with UK Finance and Which? to make our fees and charges easy for you to understand.
Our tariff of charges fully reflects the initiative’s good practice principles. This same document is being used across the industry to help customers compare mortgages.
When looking at the fees that other firms charge, you may notice some that don’t appear in our tariff. This means we don’t charge you these fees.
In our mortgage conditions we refer to this Tariff of Mortgage Charges as our charges and our costs. These are the charges and standard costs which you may have to pay us during the life of your mortgage. We'll tell you of any charges in advance, so you'll have agreed to them before they become payable. These charges and standard costs can change from time to time.
Further information about how we deal with charges and costs can be found in the Mortgage Conditions booklet we send if you receive a mortgage offer.
For simplicity, whenever we refer to 'solicitor', we mean a 'conveyancer' or a 'solicitor'.
When you will pay this charge | Name of charge | What this charge is for | How much is the charge? |
Before your first monthly payment These are the fees and charges you may have to pay before we transfer your mortgage funds |
Product fee | This is charged on some mortgages as part of the deal. It can be paid up-front or added to the total mortgage amount. If you add it to your mortgage, you’ll pay interest on it at the same rate as the rest of your borrowing. It might be a flat fee, or a percentage of the loan amount. | This fee varies and will be listed as part of the details of a product shown in your Illustration and offer letter. |
Valuation fee | The lender’s valuation report, which is used to calculate how much it will lend you. This is separate from any valuation or survey of the property you might want to commission. There are other homebuyers or structural survey options available to you at a cost and there may be different approaches in different parts of the UK. Some mortgages offer free valuations – the product details for your mortgage will tell you if this is the case. |
This fee varies based on the property value and type of scheme chosen. View our Valuation Fees |
|
Account fee (We call this Mortgage Account fee) | Depending on your product, you may be charged a fee for creating and managing your mortgage account. | £295 |
When you will pay this charge | Name of charge | What this charge is for | How much is the charge? |
If you change your mortgage NB If you change to a new mortgage product , the ‘before your first monthly payment’ fees may also apply at this stage |
Early repayment charge (Changing your mortgage) | You may have to pay this if:
|
This fee varies and will be a percentage of your loan amount it will be listed as part of the details of a product shown in your Illustration and offer letter.
|
When you will pay this charge | Name of charge | What this charge is for | How much is the charge? |
If you are unable to pay your mortgage These are the most common charges you may have to pay if you fail to keep up with your mortgage payments. Some charges, for example those covering unpaid/returned direct debits or cheques, occur at the early stages of your inability to pay (arrears). Other charges, for example, relating to our repossession of the property, may apply later in the process and will be dependent on your circumstances. |
Arrears fee (We call this Arrears management fee) | You may be charged a fee if you fall behind with your payments and your account is in arrears. | £35 |
Litigation management fee | If we instruct solicitors to collect arrears or seek possession. | £100 |
You must also meet other additional costs we incur. These costs may include such things as the following work, which third parties may do on our behalf:
When you will pay this charge | Name of charge | What this charge is for | How much is the charge? |
Ending your mortgage term | Early repayment charge (ending your mortgage) | You may be charged this if you repay your mortgage in full before the mortgage term ends. | The fee will be a percentage of the loan amount. Please refer to your Illustration or offer letter for full details. |
Mortgage exit fee (We call this Closing administration charge) | You may have to pay this if:
This is payable either at the end of the mortgage term, or before the end of your mortgage term if you transfer the loan to another lender or another property (known as ‘redemption’). |
Up to £50 |
There are other costs associated with buying a property and taking out a mortgage.
Back to top
Please see Valuation schemes for details about the types of valuation.
Currently, as a concession, we offer a free Level 1 mortgage valuation for mortgage purposes. This offer can be withdrawn at any time.
The cost of a Level 1 mortgage valuation has already been deducted from the Level 2 costs in the tables below.
Property value | Level 2 survey and valuation fee |
Up to £150,000 | £225 |
From £150,001 to £250,000 | £250 |
From £250,001 to £300,000 | £275 |
From £300,001 to £500,000 | £300 |
From £500,001 to £600,000 | £350 |
From £600,001 to £700,000 | £400 |
From £700,001 to £800,000 | £500 |
From £800,001 to £900,000 | £550 |
From £900,001 to £1,000,000 | £650 |
From £1,000,001 to £1,200,000 | £700 |
From £1,200,001 to £1,400,000 | £800 |
From £1,400,001 to £1,500,000 | £850 |
From £1,500,001 to £1,700,000 | £950 |
From £1,700,001 to £1,900,000 | £1,050 |
From £1,900,001 to £2,000,000 | £1,150 |
Over £2,000,000 | Fee confirmed on application |
Please see Valuation schemes for details about the types of valuation.
Currently, as a concession, we offer a free Level 1 mortgage valuation for mortgage purposes. This offer can be withdrawn at any time.
The cost of a Level 1 mortgage valuation has already been deducted from the Level 2 costs in the tables below.
Property value | Level 2 survey and valuation fee |
Up to £150,000 | £275 |
From £150,001 to £250,000 | £300 |
From £250,001 to £300,000 | £325 |
From £300,001 to £600,000 | £375 |
From £600,001 to £700,000 | £400 |
From £700,001 to £800,000 | £500 |
From £800,001 to £900,000 | £550 |
From £900,001 to £1,000,000 | £600 |
From £1,000,001 to £1,200,000 | £700 |
From £1,200,001 to £1,400,000 | £800 |
From £1,400,001 to £1,500,000 | £850 |
From £1,500,001 to £1,700,000 | £950 |
From £1,700,001 to £1,900,000 | £1,050 |
From £1,900,001 to £2,000,000 | £1,150 |
Over £2,000,000 | Fee confirmed on application |