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Compare mortgage interest rates with Lloyds Bank to see what deals might be available for you. Use our mortgage rates calculator to see how much you could borrow and what your monthly interest may be.
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.
You can use this calculator if you are:
You could lose your home if you don’t keep up your mortgage repayments.
As a Club Lloyds current account customer, you could get a 0.20% discount off your initial rate.
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.
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:
Already on the property ladder? Check out our remortgage interest rates to see if you can make a saving by switching to Lloyds Bank.
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.
Buy to Let mortgages can work differently to other mortgage products. Find out more about getting a mortgage as a landlord.
Check our current mortgage deals on Buy to Let mortgages and start your lettings journey with Lloyds Bank.
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
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.