Repaying your mortgage

Buying a house with a mortgage is exciting, but it’s also a big commitment. We can help you understand mortgage repayments.​

 
Two women looking at a laptop.

We can help you understand:

  • making monthly repayments 
  • what to do if you miss a payment
  • repaying your mortgage early.

Making monthly repayments

 

Once you’ve completed on buying a house, your first mortgage repayment is usually made within a month. Your mortgage lender will write to you to tell you exactly when your first payment is due.​

Expect this first payment to be higher than the amount you see in the mortgage offer. That’s because includes the current month’s interest on top of the next months’ payment.​​

When you take out a mortgage, it’s important to remember that you could lose your home if you don’t keep up your mortgage repayments.

Exisiting Lloyds customers

If you’re an existing Lloyds customer, we have a range of ways for you to make your monthly mortgage repayments.

Monthly repayment options

If you miss a repayment

Make sure you can comfortably afford the monthly repayments.

If you miss a repayment on your mortgage, it will show on your credit report.

This can impact your ability to secure other types of credit. If you miss lots of payments, your lender may take legal action and your home could be repossessed.

Check your credit report

Underpayments and overpayments

With some mortgage deals, you can adjust how much you pay back per month. Find out more about underpayments and overpayments.

Underpayments and overpayments

Money worries

If you are experiencing money worries, contact your mortgage lender as soon as possible.

We are also here to support our Lloyds mortgage customers.

Mortgage support

Repaying your mortgage early

You can repay your mortgage early, but you may be charged a fee if you pay all or part of your mortgage before the end of the mortgage term.

How to pay off a mortgage early

If you’re in a financial position to do so, you may want to pay off your mortgage early.

Check the terms and conditions if you are thinking about paying more than your monthly repayment amount.​

Paying off early

Early repayment charges

If you pay off your mortgage early, you may get an early repayment charge.

This can be between 1% and 5% of the outstanding mortgage value. ​

Early repayment charges

Find out what your mortgage payments could look like

Use a mortgage calculator to see what you could afford to borrow.

First-time buyer calculator

You could lose your home if you don’t keep up your mortgage repayments

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Costs of buying a house

If you’re a first-time buyer, find out all you need to know about mortgage costs.

First-time buyer costs

Saving for a deposit

Helping you save to take your first step on the property ladder.

Mortgage deposits

Get in touch

You can call us or book a video mortgage appointment from the comfort of your own home. 

Contact us

First time buyer help

Looking to take your first step on the property ladder? Find out what to expect when you get your first mortgage, what kind of mortgages you might be interested in and what you'll pay for with our guides.

First time buyer help

First time buyer help

Looking to take your first step on the property ladder? Find out what to expect when you get your first mortgage, what kind of mortgages you might be interested in and what you'll pay for with our guides.

First time buyer help

Important legal information

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