Many customers praise "friendly and helpful" staff
Not always at the top of the table for rates
Lloyds Bank was founded in 1765 and offers a comprehensive range of financial products and services. First-home buyers, mortgage switchers and current or potential landlords alike will find plenty of options at Lloyds, and the lender won high praise from customers in our latest customer satisfaction survey.
Fixed rate: Your interest rate will remain fixed for a set amount of time, providing certainty as far as the size of your mortgage payments.
Variable: This type of mortgage has an interest rate that can change over the mortgage’s term. Changes can be linked to the Bank of England (BoE) base rate, but other factors can also play a part.
Remortgages: You can switch your existing mortgage to Lloyds Bank via one of its remortgage products.
Interest-only: Your monthly repayments will only take mortgage interest into account. You’ll repay the capital at the end of the mortgage term.
Offset: You’ll use the funds in your Lloyds Bank savings account to offset the amount of your mortgage balance you pay interest on.
Buy-to-let: This mortgage allows you to borrow money to purchase an additional property and let it out to tenants.
Shared ownership: This mortgage allows you to buy a percentage of a property and pay rent on the remainder. You can then apply to buy additional percentages of the property as and when you can afford to do so.
How to apply
You can apply online, by calling 0800 783 3534 or by visiting a local branch.
What information do I need to provide?
You’ll need to provide personal details and financial information. You might need to show payslips and/or bank statements to back this up. The lender will also want to see details of any existing debt you have.
Eligibility criteria
Usually, you must be 18 or over to apply and not more than 80 when your mortgage term comes to an end.
All applicants will be subject to an affordability test or credit check. Lloyds Bank has an affordability calculator on its website, which estimates how much you may be able to borrow.
Contact details
For general mortgage queries, call 0800 783 3534 or visit a local branch.
We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Lloyds mortgages customer reviews
In our 2024 customer satisfaction survey, Lloyds scored 4.1 out of 5 stars with 89% of its customers saying they’d recommend the brand to a friend.
Customers in our survey commented positively on Lloyds’ customer service.
Here’s some of the feedback we got from Lloyds mortgage customers:
“Never had an issue with them. They have always put my needs first as a customer.” “I find them easy to deal with and the application process was straightforward.” “Excellent advice and service.”
Lloyds is a well-established high street name, offering a range of different mortgage options. When it comes to selecting and applying for a mortgage, it’s always important to do your research on the various lenders and deals available to you. Using a mortgage broker may save you time when researching the wider mortgage market, although be mindful of any fees involved.”
Frequently asked questions
Yes, but an an early repayment charge (ERC) may apply in certain situations. Check your mortgage’s terms for more information.
Lloyds Bank is one of the few remaining mortgage lenders to offer a type of 100% mortgage (a mortgage with no deposit) – however, it involves a family member having the equivalent of 10% of the purchase price deposited in a linked fixed term savings account. On a selected range of Lloyds mortgages, there’s no charge for a property valuation and legal fees are waived. If you’re a Lloyds current account holder, you’re eligible for £200 after completing a mortgage.
Yes, once you’ve been a Lloyds mortgage customer for 12 months.
The minimum loan amount is £25,000, although Lloyds won’t lend against a property worth less than £40,000.
Mortgage ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
Representative example A mortgage of £225,134 payable over 24 years, initially on a fixed rate until 30/09/26 at 4.88% and then on a variable rate of 6.99% for the remaining 22 years would require 26 payments of £1328.29 followed by 262 payments of £1,593.54. The total amount payable would be £453,042 made up of the loan amount plus interest (£226,909) and fees (£999). The overall cost for comparison is 6.8% APRC representative.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio
Matthew's expertise
Matthew has written 284 Finder guides across topics including:
Helping first-time buyers apply for a mortgage
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
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