Lloyds TSB
Lloyds TSB, one of the traditional "Big 4" British banks, has created an enormous British banking group through its takeover of HBOS plc. The group's companies control over one third of the UK mortgage market.
The HBOS deal aside, Lloyds TSB has been leaping ahead as a mortgage lender in its own right. With many other lenders affected by the international credit slowdown, the bank grabbed a huge 24% share of new lending in the first half of 2008.
(You can use the enquiry form on the right, any time, to get expert advice on Lloyds TSB mortgages and a market-wide comparison of other lenders).
Lloyds TSB Mortgages in more detail
Lloyds TSB's current Standard Variable Rate is 2.5%. It lends to a wide range of potential borrowers: off-the-shelf mortgages are available up to 90% LTV, and its fees can either be fixed sums (e.g. £995) or a percentage of the loan being applied for.
Lloyds has also introduced the Lend A Hand mortgage for first time buyers, which is available up to 95% LTV. It offers a fixed rate for 3 years and is available on loans up to £350,000. For this deal, a 'Helper' is required to deposit savings equivalent to 20% of the loan value in a special savings accounts paying 3.5% for three and a half years, which Lloyds TSB will take legal charge over until you build up a 10% equity stake in your home.
There are 60 different UK residential mortgages currently on offer from Lloyds TSB. In addition to that, they offer mortgages in these categories:
- Buy-to-let mortgages
- Overseas mortgages
- Islamic home finance (through Alburaq).
Choosing a Lloyds TSB Mortgage
With such a big range to choose from, and dozens of competitors to compare as well, we suggest that the best way to find out if Lloyds TSB mortgages are right for you is by speaking to an FSA-authorised mortgage adviser.
Use the quick mortgage enquiry form on your right to get impartial mortgage advice and a quote with no strings attached.