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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.
Remortgaging could help bring down your monthly repayments and save you money.
When you remortgage, you may be able to release equity to help pay for things like home improvements.
A lower loan-to-value (LTV) ratio may help you get lower interest rates when you remortgage.
Take a look at our current offers. You can qualify for one or both offers, if eligible.
How much you can borrow when you remortgage will depend on various factors, including:
You can use our remortgage calculator to get an idea of how much you might be able to borrow.
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:
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 learn more, including a checklist of what you’ll need to do.
Several factors can determine how much it will cost to get a new remortgage deal. These include:
If you remortgage to Lloyds Bank, we’ll cover your legal basic fees, and the cost of valuation and won't charge booking or arrangement fees. We sometimes charge a product fee.
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.
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 to remortgage, 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 suitable remortgage deals.
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:
We’ll also need:
Remortgaging is when you move your mortgage to a different lender. If you switch 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 your credit history.
If you already have a Lloyds Bank mortgage, you can learn more about switching to a new deal.
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.
Our free basic legal work includes:
You may need to pay additional legal fees in some cases, such as:
Our conveyancers will let you know if any additional legal fees apply.
Remortgaging could help you save money. But there may be fees involved to do so. Learn about remortgaging costs, including any charges you may have to factor into your budget.
Mortgages can have different benefits and considerations. Find out what types of mortgages are available and how they work with our guide.
Understand how mortgage repayments work, as well as how to pay off your mortgage early. Find out how to avoid early repayment charges and more.