Your remortgage starts here

We know how important it is to get the right mortgage, whatever step of the ladder you're on. See if you could save money by moving your mortgage to us. Already have a Lloyds Bank mortgage? See if you could switch to a new deal.

Want to view our rates?

You can use our Remortgage calculator to view our current rates, and find a mortgage deal to suit your needs.

Once you have viewed our products, you’ll have the option to start an Agreement in Principle or speak to one of our expert mortgage advisers who can guide you through the next steps.

Remortgage calculator

Ready to apply?

If you are already familiar with our rates, you can start your application online by applying for an Agreement in Principle (AIP).

This will give us the information we need to progress your application.

If you qualify, you can choose to apply online without help or book an appointment to speak with one of our expert mortgage advisers.

Applying for an AIP has no impact on your credit score.

Apply for an agreement in principle Apply for an agreement in principle

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

What is a remortgage?

What is a remortgage?

In simple terms, it's when you switch a mortgage to a new deal with a different lender.

You might choose to do this to save money or to borrow more against your property.

Your mortgage is likely to be your biggest monthly expense, so it's important that you find the best deal for your needs.

Why remortgage?

Why remortgage?

There are various reasons why you might want to remortgage, including:

  • Your current deal is ending – You may be able to get a better deal by changing lenders
  • You’re on the Standard Variable Rate (SVR) – The SVR is normally more expensive than a new deal
  • Get a better rate – remortgaging could help bring down your monthly repayments
  • Release equity – When you remortgage, you may be able to release equity to help pay for things like home improvements
  • Increase in property value – A lower loan-to-value (LTV) ratio may help you get lower interest rates when you remortgage
  • More flexibility – a different lender may allow you to make more overpayments or take a payment holiday.

Why choose Lloyds Bank?

Why choose a Lloyds Bank mortgage?

Lloyds Bank heritage

We’ve been providing banking services in the UK for over 250 years.

Help when you need it

Get in touch online, over the phone or in branch to speak to a mortgage expert.

Great offers and deals

We regularly have great offers and deals on our mortgages that could help save you money.

Benefits of a Lloyds Bank mortgage

  • There’s no standard valuation fee
  • We’ll pay for your basic legal work (additional legal fees may apply).
  • 10 year fixed rate mortgages for Club Lloyds customers on loans up to £1million with a maximum Loan to Value (LTV) of 75%. Lending criteria applies.
  • Get up to £1,000 cashback with the Eco Home Reward

 

You can qualify for one or more offers if eligible. 

Current special offers

Take a look at our current offers. You can qualify for one or both offers, if eligible.

Exclusive offer with Club Lloyds

As a Club Lloyds current account customer, you could get a 0.20% discount off your initial rate. 

  • You must have a Club Lloyds current account open before you take out your mortgage. This includes our Silver and Platinum Club accounts
  • Offer can be changed or withdrawn at any time
  • Product conditions may apply

£250 cashback for energy-efficient homes

If you own an energy efficient home and you’re switching your mortgage to us from another lender, you could earn £250 cashback.

  • Available to customers who complete on a qualifying mortgage.
  • Maximum loan to value 95%.

Offer can be withdrawn at any time. Exclusions and conditions apply.

Find out about the full details of the cashback offers and exclusions.

Need help with your remortgage?

Learn more about remortgaging

With 250 years’ experience, you can count on us to help you find the right deal.

We can help you find out all you need to know about moving your mortgage.

Learn more about remortgaging

Get in touch

You can talk to us over the phone or use our mortgage video service from the comfort of your own home.

Call us on 0345 122 1337. We're open Monday to Friday 8am-8pm, Saturday 9am-4pm.

Find out about booking a branch appointment

Already applying to remortgage with us online?

Already applying to remortgage with us online?

Pick up where you left off with the log on details we gave you.

Log on to continue

Frequently asked questions
 

  • Think about what you want from your new mortgage. Are you trying to save money, or is it more important to you to pay the mortgage off more quickly? Be aware of any fees you may have to pay when you leave your current deal, such as early repayment charges.

    Before applying, it's also a good idea to see how much you might be able to borrow. Our mortgage advisers are always happy to answer any questions and help you find a new deal.

    Learn more about whether remortgaging is right for you.

  • How much you can borrow when your remortgage will depend on various factors, including:

    • How much your home is worth
    • How much you owe on your current mortgage
    • How much you would like to borrow, and over how long
    • Income and outgoings of those named on the mortgage.

    You can use our remortgage calculator to get an idea of how much you might be able to borrow.

  • You can normally remortgage at any point in your deal. Be aware, most lenders will have early exit fees depending on how long you have left. You’ll have to decide if paying the fee is worth it.

    If you have less than 6 months on your current mortgage deal, you can usually secure a new deal ready for when it ends. This can be with your current lender or a different one. 

  • Remortgaging normally takes around 6 to 8 weeks. It can depend on how long it takes you, a potential new lender and a conveyancer to complete the various steps.

    You may be able to speed up the process by having all your paperwork ready on time. You can also try telling your conveyancer you’re in a hurry.

    Learn more about how long it takes to remortgage.

  • Yes, if you’re remortgaging and switching your mortgage to a different lender then you’ll need a conveyancing solicitor. The solicitor will arrange the transfer from one lender to another.

    Some lenders will arrange a solicitor for you, or you can find your own. If you remortgage with Lloyds Bank, you can use our Remortgaging Switching Service. We won’t charge you for the valuation, and we’ll pay for your own basic legal work (other legal fees may apply).

    If you’re just taking out a new deal with your current lender, then you won’t need a solicitor.

    Watch our video on the remortgaging conveyancing process to find out more, including a checklist of what you’ll need to do. 

     

    Lloyds Bank Remortgage Switching Service video.
  • Our free basic legal work includes:

    • Checking information from the Land Registry relating to the property
    • Contacting existing lenders to confirm outstanding balances
    • Requesting funds upon completion
    • Updating mortgage details at the Land Registry.

    You may need to pay additional legal fees in some cases, such as:

    • Transfer of surplus funds upon completion
    • Adding a new customer name or removing an existing customer name from the property register (Transfer of Equity)
    • Extending a lease
    • Shared Equity or Shared Ownership work
    • Resolving name and address discrepancies
    • Copy Documentation requirements.

    Our conveyancers will let you know if any additional legal fees apply.

  • There are various factors that can determine how much it will cost you to remortgage. These include:

    • Early repayment charges
    • Legal fees
    • Valuations
    • Booking and arrangement fees
    • Product fees

    If you remortgage to Lloyds Bank, we'll pay legal basic fees, the cost of valuation and won't charge booking or arrangement fees. We sometimes charge a product fee.  Find out more about how much it costs to remortgage.

  • When you apply to remortgage with Lloyds Bank, you’ll need to give us some details about you and anyone else named on the mortgage. We’ll need some personal details, such as:

    • Name, address, date of birth and contact details
    • Income
    • Outgoings and financial commitments
    • Dependents and people you care for.

    We’ll also need:

    • Details about the property you want to mortgage, including when it was built
    • Your current lender and mortgage balance
    • Supporting documents that confirm these details.
  • Remortgaging is when you switch your mortgage to a different lender. If you move to a new deal with the same lender, this is called a Product Transfer.

    Whether your existing lender allows you to take out a new deal will depend on various factors. These include how much you want to borrow, the term, your income and outgoings, and credit history.

    If you already have a Lloyds Bank mortgage, find out more about switching to a new deal.

£250 cashback for energy efficient home
 

    • Cashback will be paid on mortgage completion via your conveyancer.
    • Customers must have a valid EPC showing on the EPC Register or a certificate confirming the property has an A or B performance rating.
    • New Build properties currently in development will not have an initial EPC rating, in this instance customers should obtain a Predicted Energy Assessment (PEA) from the builder.
    • Excludes Buy to Let mortgage applications.
    • Available to customers who take out a new mortgage product.