Lloyds Bank was founded in 1765 and offers a comprehensive range of financial products and services to customers across Britain. Their mortgage packages are suitably varied; first-home buyers, mortgage switchers and current or potential landlords alike will find plenty of options available.
You can apply online, calling 0800 783 3534 or visiting a local branch.
You’ll need to provide personal details and financial information. You might need to show payslips and/or bank statements to back this up. The lender will also want to see details of any existing debt you have.
You must be aged between 18 and 75.
All applicants will be subject to an affordability test or credit check. Lloyds Bank has an affordability calculator on its website, which estimates how much you may be able to borrow. The maximum borrowing amount is £1,000,000.
For general mortgage queries, call 0800 783 3534 or visit a local branch.
Lloyds came fourth in the mortgages category in our 2020 customer satisfaction awards, with 4 out of 5 stars and 80% of customers saying they would recommend the service.
Here is some of the feedback we got from Lloyds mortgage customers:
“Really helpful and friendly mortgage advisors.”
“helpful friendly staff, very supportive.”
“There were a few teething problems with a change of manager, but then they got their act together and did a good job.”
“Reliable, but frustrating customer service.”
“It’s a great brand, premium services, trustworthy and easy to deal with.”
Online reviews for Lloyds mortgages (updated 30 April 2020):
Things are not so rosy on customer review platform Trustpilot, where Lloyds as a bank has 1.7 out of 5 stars and a rating of Bad, based on more than 900 reviews.
The reviews include very differing experiences customers have had with the bank, with some reporting excellent service and helpful actions during difficult times, but most reporting poor service and lack of empathy.
There are huge benefits to choosing to use a mortgage broker to help you get the right deal. They will do all of the hard work and research for you. They are experts in comparing the hundreds of loans and lenders out in the market based on your individual needs and eligibility, so you won’t have to worry about being forced into a deal. Your broker will also negotiate with your chosen lender on your behalf to make sure you are getting the right deal for you.
L&C work with over 80 different mortgage lenders, including Lloyds, giving you a great opportunity to compare different mortgage deals in the market. To apply for a mortgage through L&C click the link below.
L&C is a specialist broker offering mortgage comparison & free advice.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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