Lloyds Home Loan

Top deals

Top rate

AA

5.3%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.3% so if you borrow £10,000 over 5 years at a rate of 5.3% (fixed) you will repay £189.52 per month & total amount payable £11,371.03.

Post Office

5.9%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.9% so if you borrow £10,000 over 5 years at a rate of 5.9% (fixed) you will repay £192.15 per month & total amount payable £11,529.01.

Santander

6.3%
£7,500 - £15k
1-5 years

Check eligibility Representative Example: The representative APR is 6.3% so if you borrow £10,000 over 5 years at a rate of 6.3% (fixed) you will repay £193.91 per month & total amount payable £11,634.61.

Shawbrook

6.6%
£10k - £500k
3-25 years

Check eligibility Representative Example: The representative APR is 6.6% so if you borrow £10,000 over 5 years at a rate of 6.6% (fixed) you will repay £195.23 per month & total amount payable £11,713.96.

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Lloyds mortgage holders who are interested in borrowing more money may want to comparing home loans to find the best deal. These loans allow home to borrow up to 85% of the value of their home for many reasons – to add an extension to their house, to renovate their home, or to fund a major purchase. Use the table below to compare the best home loan deals available now:

Criteria for a Lloyds home loan

In order to get a home loan from Lloyds you will need to meet the following criteria:

You must be looking to borrow £10,000 or more
You must have had your Lloyds mortgage for six months
Your mortgage repayments must have been up[ to date for three months before you apply to borrow more
Your mortgage plus the additional amount borrowed must be no more than 80% of the value of your home (or 75% of the value of your home if you have an interest-only mortgage)

Advantages of a Lloyds home loan

A Lloyds home loan could offer you a range of benefits, some of which could include:

Extended repayment period – repay the loan as you repay your mortgage
Consolidate your loan and mortgage payments into one monthly repayment
Fund a home improvement scheme that could add value to your property

Disadvantages of a Lloyds home loan

Before you take out a Lloyds home loan, you should consider the following points and make sure that it is the right decision for you:

You cannot use a Lloyds home loan to raise capital for business purposes, to buy land, or a purchase buy to let property
You need to factor in any additional costs such as getting quotes from home improvement suppliers in order to demonstrate how much you’ll need to borrow
As with your mortgage, the loan is secured against your home. Therefore, you may lose your home if you cannot maintain your repayments.
Bear in mind that taking out a home loan will increase your overall mortgage debt and may mean that your mortgage takes longer to repay

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. If you are at all unsure of the suitability of a particular product for your circumstances you should seek independent financial advice.

How much do you wish to borrow?

Top deals

AA

Post Office

Santander

Shawbrook

5 reasons to use our Loan Service