Lloyds Banking Group is the biggest bank in the United Kingdom and one of the most successful financial institutions in the world. For generations, Lloyds Bank has been offering an extensive range of domestic and commercial banking services for millions of customers across Britain. It’s estimated that Lloyds currently has around 30 million customers in total, along with more than 75,000 employees and a vast network of branches up and down the country.
Mortgages and remortgage deals are available from Lloyds Bank at competitive rates of interest. Based largely on Bank of England base rates, Lloyds Bank’s APRs and borrowing costs are typically in line with those of most major banks and lenders across the UK. Eligibility is based on the borrower’s current financial position and credit history – both of which can affect overall borrowing costs. There are, however, currently no specialist mortgage loans available from Lloyds Bank, such as subprime loans for applicants with an imperfect credit history.
Minimising Mortgage Costs
At UK Property Finance, we work hard to help every client get a great deal. Contrary to popular belief, the best deals and the lowest rates of interest aren’t exclusive to the major High Street banks. In fact, we often find that the best deals out there come from the UK’s more specialist lenders. That’s why along with the various different types of mortgage loans available, we strongly suggest comparing mortgages from as many different lenders as possible.
Particularly if you have an imperfect credit history, the importance of seeking specialist support cannot be overstated. Banks like Lloyds base their APRs and borrowing costs exclusively on factors like these. Factors that may count you out of the running with most major lenders. If you’re concerned about your eligibility for a mortgage or would simply like to keep borrowing costs to absolute minimums, contact the team at UK Property Finance today for an obligation-free consultation.
Our Online Mortgage Calculator
Whatever type of mortgage you’re interested in, we can help you find your perfect deal from a panel of specialist lenders across the UK. Use our online mortgage calculator to work out how much you can afford to borrow and your preferred repayment terms, after which we’ll get to work matching your requirements with a high-quality, low-cost mortgage.
Book your obligation-free consultation with a member of the team at UK Property Finance to discuss the available options in more detail.