Lloyds Bank is one of the biggest names on the high street. The bank offers a wide range of services including current accounts, savings and investments, credit cards, mortgages, loans and insurance.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Lloyds Bank was formed in 1765 when a button maker and an iron dealer got together and decided to set up a private banking business. To begin with the bank’s symbol was a beehive; the iconic black horse was introduced in 1884.
Thanks to a series of mergers, Lloyds Bank evolved into one of the biggest clearing banks in the UK. There were several unsuccessful merger attempts in the latter half of the 20th century, but when Lloyds Bank merged with the TSB group, it gained a giant stake in the UK mortgage market. As a result of the merger, Lloyds Bank changed its name to Lloyds TSB plc.
Customers can manage their banking in-store, online, or via the bank’s telephone banking service.
There are Lloyds Bank mortgages for new and existing customers. First time buyers, home movers and customers looking for a more competitive mortgage deal are all catered for. Lloyds Bank also offers buy to let mortgages for new and experienced landlords.
Lloyds Bank mortgages are suitable for many different types of property. Lloyds will consider lending on new, old, shared ownership and shared equity schemes, subject to a valuation.
Available mortgage products vary continuously, but the most common types of Lloyds Bank mortgages on offer at any given time are tracker, fixed rate and variable rate deals. Customers can apply for a repayment mortgage, an interest only mortgage, or a combination of the two.
Lloyds Bank mortgages can be managed online. Customers can log into their online mortgage account interface and check their mortgage balance.
Overpayments can be made, but fees may apply on certain mortgage products.
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