Lloyds Bank
BankLloyds Bank is one of the UK's largest mortgage lenders and a pillar of the Lloyds Banking Group. It provides a wide variety of mortgage products tailored to first-time buyers, home movers, and remortgagers, with strong support for shared ownership and government-backed schemes.
About Lloyds Bank
Lloyds Bank was founded in Birmingham in 1765 and has grown into one of the UK's largest financial institutions. It merged with TSB in 1995 and later with HBOS in 2009 to form Lloyds Banking Group. The group is now the UK's largest mortgage lender, with Lloyds Bank and Halifax as its main mortgage brands.
Lloyds Bank offers a comprehensive range of residential, buy-to-let, shared ownership, and Help to Buy mortgages. The bank has strong relationships with mortgage brokers and also serves customers directly through branches and digital channels. Lloyds is known for competitive rates and a broad product range suitable for first-time buyers through to portfolio landlords.
As part of Lloyds Banking Group, the bank benefits from scale and funding stability. It has invested heavily in digital mortgage applications and customer service. Lloyds Bank maintains a significant branch network and is regulated by the FCA and PRA.
Lending Focus
Lloyds Bank offers mortgage products across 4 categories including Residential, Buy-to-Let, Shared Ownership and 1 more.
Key Features
- Lend a Hand mortgage helping first-time buyers with family support
- Shared ownership and Help to Buy scheme support
- Competitive fixed-rate deals for remortgage customers
- Flexible underpayment and overpayment options
- Dedicated mortgage advisers available in branch and by phone
Pros & Cons
Pros
- Supports shared ownership and Help to Buy schemes for first-time buyers
- Lend a Hand mortgage provides a creative family support option
- Large branch network with face-to-face mortgage advice
- Strong remortgage deals with competitive fixed rates
Cons
- –Maximum loan amount capped at £2 million — lower than some rivals
- –No commercial or bridging mortgage products
- –Does not offer offset mortgages
Fees & Charges
- Arrangement Fee
- £999 or fee-free options available
- Valuation Fee
- Free standard valuation on most products
- Early Repayment Charge
- 1–5% during the initial deal period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on Lloyds Bank
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks from application to offer
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 95%
- Max Loan Amount
- £2m
- Min Loan Amount
- £25k
- Rate Types
- fixed, tracker, discount
Frequently Asked Questions
What is the Lloyds Bank Lend a Hand mortgage?
The Lend a Hand mortgage allows a family member to deposit 10% of the property value into a Lloyds savings account for three years. This helps the buyer secure a mortgage without needing their own deposit.
Does Lloyds Bank accept gifted deposits?
Yes, Lloyds Bank accepts gifted deposits from close family members. The giftor must confirm the money is a gift and not a loan, and provide identification.
What is the maximum LTV Lloyds Bank offers?
Lloyds Bank offers mortgages up to 95% LTV for residential purchases, making it a strong option for buyers with a small deposit.
Can I overpay my Lloyds Bank mortgage?
Yes, Lloyds allows overpayments of up to 10% of the outstanding balance per year on most mortgage products without incurring early repayment charges.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Halifax | Residential, Buy-to-Let, Shared Ownership+1 | Bank | 95% |
| NatWest | Residential, Buy-to-Let, Commercial+2 | Bank | 95% |
| Nationwide Building Society | Residential, Buy-to-Let, Shared Ownership+1 | Building Soc. | 95% |
| Accord Mortgages | Residential, Buy-to-Let, Shared Ownership | Bank | 95% |
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice.Always verify lender details directly and seek independent advice before making financial decisions.
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