Compare Mortgage Rates from Lloyds Bank Against the Market

Compare Lloyds Bank mortgage rates online

Lloyds Banking Group is one of the UK’s largest financial services providers, having offered a wide range of products to millions of customers since 1765.

It is the parent company of some of the biggest financial institutions in the country, including Halifax, Bank of Scotland, Scottish Widows, Birmingham Midshires and more. You can compare the latest rates from this lender against more than 90 others by using our free mortgage sourcing tool below:

What type of mortgages do they offer?

Across its network of banks and financial services providers, Lloyds Bank can offer the following types of mortgages:

• First-time buyer mortgages
• Mortgages for homemovers
• Remortgages
• Buy-to-let mortgages
• Later-life lending products

Fixed-rate mortgages with introductory rates periods of up to 10 years are available for residential borrowers, along with a range of trackers and other variable rate products.

Lloyds also offers exclusive deals for existing customers, including those who bank with them but don’t have a mortgage. For example, those with a ‘Club Lloyds’ current account can take advantage of a discount on their initial interest rate if they take out a mortgage.

What type of buy-to-let mortgages do Lloyds offer?

Lloyds’ buy-to-let mortgages are offered either through Halifax or BM Solutions, with the latter being its specialist brand for this type of mortgage agreement.

A range of fixed-rate mortgages with initial rates periods of 2-5 years are currently available through these lenders, along with specific products aimed at landlords who are remortgaging, looking for a let-to-buy arrangement, or raising capital for eco improvements.

What rates are currently available?

The rates currently available from lenders under the Lloyds Bank umbrella can vary. The kind of deal you qualify for will depend on the amount of deposit you have, the overall strength of your application and the type of product you choose.

What kind of reviews does Lloyds Bank have from its mortgages?

Lloyds Bank has a current rating of 1.6/5 on TrustPilot, but these reviews are from customers for all of its products and services, not just mortgages. Average reviews for its mortgage services have fared better, with users on Smart Money People rating them 3.6/5.

In a survey of the mortgage market, consumer body Which? ranked Lloyds in 10th out of 22 lenders, assessing them on customer service and the competitiveness of their products. 

How much could you borrow through Lloyds Bank?

If you were to apply for a residential mortgage through Lloyds-owned Halifax, the maximum you could borrow would be between 4.49 and 5.5 times your annual salary. The exact income multiple they will use will depend on the LTV and product type.

You can use our calculator below to get a rough idea of how much you could potentially borrow from a lender that uses these income multiples:

For buy-to-let mortgages, maximum borrowing across Lloyds-owned lenders is tied to the property’s projected rental potential. Landlords who can evidence an interest cover ratio of 125-145% will be considered for a buy-to-let mortgage from Halifax or BM Solutions, provided they can also pass a stress test and meet the lender’s eligibility requirements.

Get independent advice about Lloyds Bank mortgages today

Lloyds Bank mortgage rates are generally competitve with other high street mortgage lenders, and often lower than specialist mortgage providers'.

The exact rate you end up with will depend on the amout of deposit you have, the overall strength of your application and the type of product you choose.

We will compare the latest mortgage rates from Lloyds with their competitors across the market for you when you make an enqury with us.