Mortgage support
Worried about paying your mortgage? We have various ways that we can help you.
Club Lloyds Offers
As a Club Lloyds current account customer you can take advantage of exclusive offers when you complete on a qualifying mortgage with us.
0.20% rate discount
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:
- You must have a Club Lloyds current account open before you take out your mortgage
- There is no Club Lloyds monthly fee to maintain the account if you pay in £2,000 each month, otherwise it costs £3 each month
- Offer can be changed or withdrawn at any time
- Offer applies to first time buyers, customers who are switching their mortgage to us or moving home
- Product conditions may apply.
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.
You could lose your home if you don’t keep up your mortgage repayments
Don’t have a Club Lloyds account?
Apply today and you could also get
- 1.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (1.49% grossCloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a.) variable credit interest on balances from £1 up to and including £3,999.99. 3.00% AERCloseAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (2.96% grossCloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a.) variable on balances from £4,000 up to and including £5,000.
Interest is calculated daily, and paid monthly, but will not be paid in any month you do not have two separate Direct Debits paid from your account, or on amounts over £5,000. - No fee, or £3 per month. No monthly fee for maintaining the account if you pay in £2,000 each month. If you pay less than £2,000 it will cost you £3 each month.
- Each year choose either 12 months of Disney+, 6 cinema tickets, an annual
digital Coffee Club and Gourmet Society membership or an annual magazine subscription
Disney Plus and the Disney+ logo are registered trademarks of Disney Enterprises Inc.