Switch to a new deal

If your current deal is ending, or even if you're already on our Standard Variable Mortgage Rate or our Homeowner Variable Rate, you might be wondering what you could do next.

New mortgage deals with us

Tick iconEasy to arrange
Tick iconNo legal fees to pay
Tick iconNo Valuation required
Tick iconApply online, give us a call or come into branch
Tick iconSame deals available no matter how you apply
Tick iconEarly repayment charges waived on existing deals with 3 months or less to run

There may be product fees to pay, depending on the product you take. 

What happens when my current mortgage deal ends

If you took out your current deal before 1 June 2010
When your deal ends you'll automatically move on to the Standard Variable Mortgage Rate.

If you took out your current deal after 1 June 2010
When your deal ends you'll automatically move onto either the Homeowner Variable Rate or Buy-to-Let Variable Rate (currently 3.74% & 4.59%). 

Choosing a new mortgage deal

You can choose your new deal online, in branch or over the telephone. The products and rates available to you will be the same regardless of how you choose to apply. If you have an account number that starts with 20 you'll need to telephone us.

If you are considering choosing a new deal, look at our steps to switching. We've also answered some common questions about switching to a new deal.

Before applying please read the options in the 'Next steps' box to help you choose which one is right for you. Please note that these deals can be withdrawn at any time.   

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

 

Our current rates 

These are all our current fixed rate deals available today.

To find out which deals are available, you can take a look at the rates below or give us a call.

Mortgages up to £99,999

Term Loan to value Initial rate Followed by The overall cost for comparison is Product fee  Early repayment charges
2 years 0 to 60% 2.39% Homeowner variable rate, currently 3.74% for the remainder of the term 3.5% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 60 to 75% 2.84% Homeowner variable rate, currently 3.74% for the remainder of the term 3.6% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 75 to 85% 2.89% Homeowner variable rate, currently 3.74% for the remainder of the term 3.6% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 85 to 95% 3.99% Homeowner variable rate, currently 3.74% for the remainder of the term 3.9% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
4 years 0 to 60% 2.94% Homeowner variable rate, currently 3.74% for the remainder of the term 3.5% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 60 to 75% 3.54% Homeowner variable rate, currently 3.74% for the remainder of the term 3.7% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 75 to 85% 4.09% Homeowner variable rate, currently 3.74% for the remainder of the term 4.0% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 85 to 120% 4.89% Homeowner variable rate, currently 3.74%% for the remainder of the term 4.3% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021


Mortgages between £100,000 and £249,999

Term Loan to value Initial rate Followed by The overall cost for comparison is Product fee  Early repayment charges
2 years 0 to 60% 2.29% Homeowner variable rate, currently 3.74% for the remainder of the term 3.5% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 60 to 75% 2.69% Homeowner variable rate, currently 3.74% for the remainder of the term 3.6% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 75 to 85% 2.79% Homeowner variable rate, currently 3.74% for the remainder of the term 3.6% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 85 to 95% 3.69% Homeowner variable rate, currently 3.74% for the remainder of the term 3.8% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
4 years 0 to 60% 2.84% Homeowner variable rate, currently 3.74% for the remainder of the term 3.4% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 60 to 75% 3.44% Homeowner variable rate, currently 3.74% for the remainder of the term 3.7% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 75 to 85% 3.98% Homeowner variable rate, currently 3.74% for the remainder of the term 3.9% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 85 to 120% 4.79% Homeowner variable rate, currently 3.74% for the remainder of the term 4.3% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021


Mortgages between £250,000 and £7,500,000 

Term Loan to value Initial rate Followed by The overall cost for comparison is Product fee  Early repayment charges
2 years 0 to 60% 2.14% Homeowner variable rate, currently 3.74% for the remainder of the term 3.4% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 60 to 75% 2.54% Homeowner variable rate, currently 3.74% for the remainder of the term 3.5% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 75 to 80% 2.64% Homeowner variable rate, currently 3.74% for the remainder of the term 3.6% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
2 years 85 to 95% 3.54% Homeowner variable rate, currently 3.74% for the remainder of the term 3.8% APRC £0 3% to 31/07/2018, then 2% to 31/07/2019
4 years 0 to 60% 2.69% Homeowner variable rate, currently 3.74% for the remainder of the term 3.4% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 60 to 75% 3.29% Homeowner variable rate, currently 3.74% for the remainder of the term 3.6% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 75 to 85% 3.84% Homeowner variable rate, currently 3.74% for the remainder of the term 3.8% APRC £0 4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021
4 years 85 to 120%  4.64% Homeowner variable rate, currently 3.74% for the remainder of the term 4.2% APRC £0  4% to 31/07/2018, then 3% to 31/07/2020, then 2% to 31/07/2021

Representative Example:

A mortgage of £78,610.00 payable over 19 years, initially on a fixed rate for 2 years at 2.19% and then on our variable rate of 3.74% for the remaining 17 years, would require 24 monthly payments of £421.78 followed by 204 monthly payments of £476.08.

The total amount payable would be £107,243.04 made up of the loan amount, plus interest (£28,633.04).

The overall cost for comparison is 3.5% APRC representative.

What is a representative example?

This is an illustration of a typical mortgage and its total cost.

 

Things to bear in mind

If a product fee applies, it will be added to your mortgage. No interest will be charged if you pay the fee within 30 days of your mortgage starting. If you choose not to pay the fee immediately, interest will be charged as part of your main mortgage, and this will affect your monthly payments.

These are all our current fixed rate deals available today.

Mortgage deals often change, so if you’re returning to look at a product that you were interested in before, the pages shown are updated with the latest ones available.

These mortgages can be withdrawn at any time. Funds can only be reserved when we have your completed application.

Our rates are only guaranteed for applications made today. We reserve the right to change our product range at any time.

If you already have an interest-only mortgage with us and you’re now switching to a new deal, you can continue on an interest-only basis up to the same amount as you already have on interest only if you want to. But if you’re borrowing more at the same time, and your total mortgage is going to be more than 75% of your home’s value, the new additional borrowing must be on a repayment basis.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Need to complete your online switch? 

If you’ve submitted your switch request and received your access code, or need to request a new code.

Continue to online form 
 

Next steps 

You can choose your new deal online, in branch or over the telephone.

Apply online

If:

  • Tick icon You don't need any advice
  • Tick icon You are not making any other 
        changes
  • Tick icon You know your mortgage
        number and it begins with 50 
  • Tick icon No element of your mortgage is held on an interest only basis
  •  
  • You can switch to a new deal via our online application.
  •  

Continue to online form 
 

Talk to us about your switch

If:

  • Tick icon You need advice
  • Tick icon You want to make other
        changes to your mortgage
  • Tick icon Any element of your mortgage is held on an interest only basis
     

Come into a Lloyds Bank branch

Map icon with pin Book an appointment
 

Phone icon call us on 0345 300 6793

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