Mortgage support
Worried about paying your mortgage? We have various ways that we can help you.
As a Club Lloyds current account customer you can take advantage of exclusive offers when you complete on a qualifying mortgage with us.
As a Club Lloyds current account customer, you could get a 0.20% discount off your initial rate. Offer applies to first time buyers, customers who are switching their mortgage to us, moving home or buying to let.
As an example, this could mean a total saving of £1,174 on a 5-year fixed-rate remortgage deal compared to a non-Club remortgage rate. This is based on an average remortgage amount of £162,000 payable over 25 years with an initial rate of 5.84%.
An illustration of the monthly savings on a range of remortgage amounts are shown below. This is based on a 0.20% Club Lloyds discount over the initial 5-year fixed period vs. non-Club rate.
Mortgage amount |
Monthly saving |
---|---|
Mortgage amount £162,000 |
Monthly saving £20 |
Mortgage amount £190,000 |
Monthly saving £23 |
Mortgage amount £349,000 |
Monthly saving £42 |
Keep in mind:
Representative example
We show you this so you can see what a typical mortgage deal looks like. It doesn’t explain or change anything about your deal.
A mortgage of £162,000 payable over 25 years, initially on a fixed rate for 5 years at 5.84%, and then on our variable rate of 8.74% for the remaining 20 years, would require 60 monthly payments of £1,027.98 followed by 240 monthly payments of £1,283.57.
The total amount payable would be £369,736.23 made up of the loan amount, plus interest of £207,736.23. A product fee of £999 is also payable.
The overall cost for comparison is 7.8% APRC representative.
The amount we lend you is subject to a full mortgage application.
Rates shown correct as at 15/08/2023 for remortgage only. Rates are subject to change. Other rates apply to first time buyers and home movers.
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