Check your mortgage rate options

You can use our mortgage calculator to tailor your search and compare different mortgage rates and deals that may be available for you. Tell us the property value, deposit amount and mortgage term, then we can give you an idea of what your interest rate may be.

The amount you can borrow may vary based on several factors, such as your income your deposit and how many years you want to pay back for.

Calculate your mortgage rate

You can use this calculator if you are:

  • A first-time buyer
  • Looking to move house
  • Wanting to switch to a Lloyds Bank mortgage
  • An existing customer who is coming to the end of their existing mortgage deal
  • Wanting to borrow more.

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

Special mortgage rate 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. There is a £3 monthly fee to maintain the Club Lloyds current account, unless you pay in £2,000 or more each month.
  • The offer can be changed or withdrawn at any time
  • Terms and Conditions apply.
Learn more about Club Lloyds

Taking the first step in buying you first home?

You may want to get an Agreement in Principle. Your AIP confirms how much you could be eligible to borrow from us and what properties are in your budget before you start viewing. 

It’s important to be sure you can cover these monthly repayments as you could be at risk of losing your future home if you can’t keep up with the costs.

Explore buying your first home

What is a mortgage rate?

Your mortgage rate is the interest rate you’ll pay on the money you borrow to buy a home or property. You can compare different mortgage deals using the rate provided – usually shown as a percentage. The lower the rate, the less interest you’ll pay on the money you borrow.

There are different types of mortgage rates, including:

  • Fixed rate – your mortgage interest rate stays the same for a fixed amount of time, usually between 2 to 10 years.
  • Tracker rate – this rate follows the Bank of England base rate, which means it can go up or down during the term of your rate.
  • Standard variable rate – when your mortgage deal comes to an end, your lender will move you on to their standard variable rate, or SVR. It’s usually more expensive than other mortgage rates, so it can often be a good time to switch to a new deal.
Learn how mortgage rates work

Want to switch your current Lloyds Bank mortgage deal?

Switching to a new mortgage deal could help save you money. If you’re an existing customer coming to the end of your rate, find out more about changing your mortgage deal.

Switching deals

Check the latest Bank of England base rate

The amount of interest you pay is often linked to the Bank of England base rate, especially if you have a tracker mortgage. Keep up-to-date with the current base rate so you can see how much you might have to pay on your mortgage deal.

Base rate mortgage calculator

Remortgage rates

Already on the property ladder? Check out our remortgage interest rates to see if you can make a saving by switching to Lloyds Bank.

Find our remortgaging rates

Get help with remortgaging

Get support with your mortgage

When times are tough, making your monthly payments can be a worry. That’s why we’ve signed up to the Government’s Mortgage Charter, to make sure our customers can get support when they need it most.

If you’re concerned about making your monthly payments, have missed payments or need to reduce your payments, find out what we can offer below.

Find mortgage support

Interested in a Buy to Let property?

Buy to Let mortgages can work differently to other mortgage products. Find out more about getting a mortgage as a landlord.

Buy to Let mortgages

View our Buy to Let mortgage rates

Check our current mortgage deals on Buy to Let mortgages and start your lettings journey with Lloyds Bank.

View Buy to Let rates

Mortgage rates: frequently asked questions

  • Mortgages rates can be affected by a range of things, from personal details to government decisions. The main factors include:

    • The Bank of England base rate

    • The rate of inflation

    • Your credit history

    • Your deposit amount

    • Your loan term

    Learn more in our mortgage rates guide.

  • It depends on the type of mortgage you have. If you have a fixed rate mortgage, your mortgage rate will stay the same for the length of your fixed rate term. However, if you have a tracker rate, your mortgage rate will increase in line with the Bank of England base rate. So, if it goes up by 0.5%, your mortgage rate will also go up by 0.5%.

    If you’re on a Standard Variable Rate (SVR) mortgage, your interest rate is decided by your lender. So, while it’s not directly tied to the base rate, your lender may still choose to increase your mortgage rate if the base rate rises.

    You can use our interest rate change calculator to find out more.

  • It all comes down to your personal circumstances, and the mortgage rates available. A shorter fixed term mortgage might give you the chance to switch to a better rate if interest rates start to fall in the next two years. However, a five-year fixed term mortgage can give you an extra level of security, as you know exactly what your rate is for the next five years.

    Interest rates can be hard to predict, so it’s important to make sure you can afford your mortgage repayments for however long you fix your mortgage for.

Mortgage basics guide

Get to grips with your mortgage essentials. Learn about the initial mortgage costs, valuation processes, repayment methods and more with our handy beginner’s guide.

Learn your mortgage basics

Government housing schemes

First time buying a home or property? From Shared Ownership to Help to Buy, discover the latest government housing schemes supported by Lloyds Bank.

View all housing schemes

What is a Loan to Value ratio?

Your loan to value (LTV) ratio is the percentage of your property’s value you are planning to borrow. The larger your deposit, the lower your LTV.

Work out your LTV