Compare Loughborough Building Society Mortgage Rates & Fees

Loughborough Building Society offers a range of fixed and variable rate mortgages that could be suitable for you.

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The Loughborough Building Society is a financial services provider headquartered in Loughborough, Leicestershire. The Society was founded by local businessmen in 1867 as a way to provide opportunities for saving and lending to people in the surrounding area, an ideal which the independent and mutual Society maintains today.

Compare The Loughborough Building Society’s mortgage rates

Table: sorted by initial rate
1 - 5 of 22
Name Product Initial rate Revert rate (SVR) Maximum LTV Overall cost for comparison Cashback Apply link
Loughborough BS 3 years Discounted Variable
5.15% variable (SVR minus 2.79%) for 3 years
7.94% variable
95%
7.4% APRC
View details
Loughborough BS 5 years Fixed
5.45% fixed for 5 years
7.94% variable
95%
7.1% APRC
View details
Loughborough BS 5 years Fixed
5.45% fixed for 5 years
7.94% variable
95%
7.1% APRC
View details
Loughborough BS 2 years Discounted Variable
5.45% variable (SVR minus 2.49%) for 2 years
7.94% variable
90%
7.7% APRC
View details
Loughborough BS 5 years Fixed
5.45% fixed for 5 years
7.94% variable
90%
7.1% APRC
View details
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The Loughborough Building Society’s buy-to-let mortgage rates

Table: sorted by initial rate
1 - 4 of 4
Name Product Initial rate Revert rate (SVR) Maximum LTV Overall cost for comparison Cashback Link
Loughborough BS 5 years Fixed
5.89% fixed for 5 years
7.94% variable
80%
7.3% APRC
View details
Loughborough BS 2 years Fixed
6.09% fixed for 2 years
7.94% variable
80%
7.8% APRC
View details
Loughborough BS 2 years Fixed
6.29% fixed for 2 years
7.94% variable
80%
7.9% APRC
View details
Loughborough BS 5 years Fixed
7.39% fixed for 5 years
7.94% variable
70%
8% APRC
View details
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Overall representative example
If you borrow £178,000 mortgage over 25 years initially at 4.63% fixed for 60 months reverting to 6.99% variable for term. 60 monthly payments of £1002.56 and 240 monthly payments of £1214.16. Total amount payable £351,932.00 includes loan amount, interest of £173,552, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.2% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

What types of mortgages can I get with Loughborough Building Society?

  • Fixed rate Your interest rate will remain locked for a set amount of time, then revert to the lender’s standard variable rate thereafter.
  • Remortgages You can switch your existing mortgage to Loughborough Building Society via one of its remortgage products.
  • Variable rate Your interest rate may fluctuate up and down throughout the course of the mortgage, based on various economic changes.
  • Discounted rate Your interest rate will remain locked below the lender’s standard variable rate, then revert to the lender’s standard variable rate thereafter.
  • Buy to let This mortgage will allow you to borrow money to purchase an additional property and let it out.
  • Shared ownership This mortgage will allow you to buy a percentage of a property and pay rent on the remainder. You can then apply to buy additional percentages as and when you can afford it.
  • 95% LTV You can apply for these mortgages with a deposit as small as 5% of the property’s value.

How to apply

You can apply by calling 01509 631950, emailing mortgages@theloughborough.co.uk or requesting a callback via theloughborough.co.uk

What information is needed to apply?

All applicants will need to provide proof of identity, proof of address and three months of recent bank statements. Employed applicants must provide their last three monthly payslips. Self-employed applicants need to provide at least two years worth of accounts.

Eligibility criteria

You have to be a UK resident who is at least 18 years old, and no older than 80 when the mortgage term is due to end. You must be buying a property in mainland England or Wales.

Employed applicants must have been in their current jobs for at least a year. Self-employed applicants must be able to provide at least two years worth of accounts. They will not be able to borrow more than 4.5 times their annual income.

The applicant(s) must have missed no missed payments on their credit file in the last six months, and no more than two in the last two years.

CCJs, VIAs and bankruptcies satisfied more than three years ago will be disregarded.

Contact information

You can contact the lender’s mortgage experts on 01509 631950 and emailing mortgages@theloughborough.co.uk.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Written by

Matthew Boyle

Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full profile

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