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.

compare Loughborough Building Society

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 mortgage rates

Table: sorted by initial rate
Name Product Initial rate Revert rate (SVR) Maximum LTV Overall cost for comparison Apply link
Loughborough BS
2.79% variable (SVR minus 2.55%) for 3 years
5.34% variable
80%
4.5% APRC
Check eligibility
View details
Loughborough BS
2.79% variable (SVR minus 2.55%) for 2 years
5.34% variable
60%
5% APRC
Check eligibility
View details
Loughborough BS
2.95% fixed for 2 years
5.34% variable
85%
5% APRC
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Loughborough BS
2.99% fixed for 5 years
5.34% variable
80%
4.3% APRC
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View details
Loughborough BS
3.09% variable (SVR minus 2.25%) for Term
5.34% variable
60%
3.2% APRC
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The Loughborough Building Society buy-to-let mortgage rates

Table: sorted by initial rate
Name Product Initial rate Revert rate (SVR) Maximum LTV Overall cost for comparison Link
Loughborough BS 2 years Discounted Variable
Loughborough BS
3.15% variable (SVR minus 2.19%) for 2 years
5.34% variable
80%
5.1% APRC
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Loughborough BS 3 years Discounted Variable
Loughborough BS
3.34% variable (SVR minus 2%) for 3 years
5.34% variable
80%
4.8% APRC
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Loughborough BS 5 years Fixed
Loughborough BS
3.59% fixed for 5 years
5.34% variable
80%
4.7% APRC
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Loughborough BS 3 years Fixed
Loughborough BS
3.64% fixed for 3 years
5.34% variable
80%
4.9% APRC
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Overall representative example
If you borrow £170,000 over a 25-year term at 1.59% p.a. (fixed) for 63 months reverting to 3.59% p.a. (variable) for the remaining term, you would make 63 monthly payments of £687.10 and 237 monthly payments of £823.61. The total payable would be £239,775.87, which includes interest of £68,483, valuation fees of £248 and a product fee of £995. The overall cost for comparison is 2.9% APRC representative.
Think carefully before securing other 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.

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