Loughborough Building Society
Building SocietyLoughborough Building Society is a small, independent Leicestershire mutual offering residential mortgages with a strong commitment to personal service and individual assessment of every application.
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About Loughborough Building Society
Loughborough Building Society was founded in 1867 in the Leicestershire town of Loughborough. For over 155 years the society has served its local community, growing while maintaining its commitment to personal service and mutual values. The society operates from its office in Loughborough and primarily serves borrowers in the East Midlands.
As one of the UK's smaller building societies, Loughborough takes a distinctly personal approach to mortgage lending. Every application is assessed individually, with underwriters considering the full picture of an applicant's circumstances rather than relying on rigid automated criteria. This makes the society a good option for self-employed borrowers, those with variable income, or applicants with circumstances that do not fit neatly into a standard lending box.
Loughborough Building Society is committed to its mutual ethos and reinvests profits for the benefit of its members. The society supports local community projects and charitable causes in the Leicestershire area. It is regulated by the FCA and PRA and is a member of the Building Societies Association.
Lending Focus
Loughborough Building Society offers mortgage products across 1 categories including Residential.
Key Features
- Individual underwriting on every mortgage application
- Personal service with direct access to decision makers
- Competitive residential mortgage rates for local borrowers
Pros & Cons
Pros
- Personal approach with each application assessed on its own merits
- Direct access to underwriters for quick query resolution
- Mutual ownership ensures member-focused decisions
Cons
- –Limited lending area focused on Leicestershire and the East Midlands
- –No buy-to-let, self-build, or specialist products
- –No online application facility available
Fees & Charges
- Arrangement Fee
- Varies by product; typically £200–£400
- Valuation Fee
- Charged at cost depending on property value
- Early Repayment Charge
- 2–3% during the initial deal period
- Overpayment Allowance
- Contact the society for current overpayment terms
Mortgage Rates
Rate data coming soon. View rates on Loughborough Building Society
| 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
- Online DIP
- No — via broker or branch
- Offer Valid For
- 3 months
Lending Criteria
- Maximum LTV
- 85%
Frequently Asked Questions
Where does Loughborough Building Society lend?
Does Loughborough Building Society accept self-employed applicants?
How do I apply for a mortgage with Loughborough Building Society?
Is Loughborough Building Society a safe place to save and borrow?
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
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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.