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 * Home
 * ...
 * Mortgages
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 * Switching deals


SWITCH TO A NEW DEAL FROM HOME, WITHOUT THE FUSS

If you already have a Lloyds Bank mortgage, it’s simple to set up your next deal
online or over the phone.




SWITCH DEALS, THE FASTER WAY

If your current Lloyds mortgage is coming to an end, here’s the quickest way to
set up your new deal.

We’ll show you all the deals that are available to you. Choose the one you like
the look of, answer a few simple questions and get an answer in around 10
minutes.

If you are not in the last 3 months you may be charged an ERC.

If you start to apply online but decide you’d like some help, our expert
advisers are always ready to support you.

Find your new deal online
 * Getting a new deal is easy. Get an answer in around 10 minutes.
 * Switch deal today or start later. Secure an interest rate up to six months
   before your current deal ends.
 * No Early Repayment Charges. If you’re in the last three months of your
   current deal, we’ll waive all early repayment charges as a thank you for
   staying with us.
 * No legal fees or valuation charges.
 * A bonus for our Club Lloyds customers. Get an exclusive 0.20% discount when
   you switch to a new Lloyds Bank mortgage. Find out more.
   

YOU COULD LOSE YOUR HOME IF YOU DON’T KEEP UP YOUR MORTGAGE REPAYMENTS


ALREADY STARTED YOUR SWITCH?

Ready to continue? Log back on and we’ll send a passcode to your mobile device
so that you can quickly pick up from where you were.

Log on and continue


NEED TO SPEAK TO US?

If you need some help and would like to speak to us now, you can call us on 0345
122 1337 to speak to an adviser.

We're open Monday to Friday 8am to 8pm, Saturday 9am to 4pm, we’re closed
Sundays and Bank Holidays.




FREQUENTLY ASKED QUESTIONS

 * 1. Jump to What should I do if my current deal is ending soon?
 * 2. Jump to Which variable rate will apply when my deal ends?
 * 3. Jump to When can I switch deals?
 * 4. Jump to How do I know which deal to choose?
 * 5. Jump to How do you decide what deals to offer me?
 * 6. Jump to How can I find the energy efficiency of my property?
 * 7. Jump to How can I apply?
 * 8. Jump to What do I need to apply online?
 * 9. Jump to What happens when I apply for a new deal?

 * 10. Jump to What happens when I proceed with an application?
 * 11. Jump to What happens if I change my mind?
 * 12. Jump to Will I have to pay any early repayment charges?
 * 13. Jump to Will I be charged any fees?
 * 14. Jump to Can I borrow more or make changes?
 * 15. Jump to If I move home during the fixed rate period, can I keep my new
   deal?
 * 16. Jump to How can I protect my mortgage?
 * 17. Jump to Do I qualify for the Club Lloyds discount?

 * 1.
   
   WHAT SHOULD I DO IF MY CURRENT DEAL IS ENDING SOON?
   
   We’ll be in touch before your current deal ends to let you know about your
   options.
   
   If you want to switch to a new deal, you can secure a new rate up to six
   months before your current one ends. You can start your new rate straightaway
   or wait until your current deal ends. If you choose to start your new deal
   straightaway and there's more than three months left on your current deal,
   you may have to pay early repayment charges.
   
   If you decide not to switch, we’ll automatically move you onto one of our
   variable interest rates when your current deal ends. Staying on this variable
   rate may cost you more each month. And your interest rate and monthly payment
   could also go up or down from month to month. So, it’s a good idea to check
   if switching to a new rate is better for you – as if rates go up, you could
   end up paying more for your mortgage each month than you budgeted for. 
   
   To help you understand your options, we’ve compared the different types of
   rates. If you have any questions, you can call us on 0345 603 1637. 
   
   Back to top
 * 2.
   
   WHICH VARIABLE RATE WILL APPLY WHEN MY DEAL ENDS?
   
   Your offer letter will tell you the lender variable rate that will apply at
   the end of your current deal. This is usually the Homeowner Variable Rate.
   However, if you applied for your current deal before 1st June 2010 it could
   be the Standard Variable Mortgage Rate.
   
   The Standard Variable Mortgage Rate is no longer available so if you choose
   to switch deals, you will never be able to go back to the Standard Variable
   Mortgage Rate.
   
   Back to top
 * 3.
   
   WHEN CAN I SWITCH DEALS?
   
   If you're on a fixed rate:
   
   You can arrange a new deal up to six months before your current one ends.
   Once you’ve arranged your deal and secured your interest rate, you can:
   
    * Wait until your current deal ends 
    * Move to the new rate straightaway 
   
   If you move to your new rate and there are more than three months left on
   your current deal, we may charge you early repayment charges. Depending on
   your current monthly payments and the new deals available, you may save money
   by switching even if you need to pay early repayment charges.  You can check
   how much these charges would be in your original offer letter, latest
   mortgage statement or by giving us a call 0345 603 1637.
   
   If you're on a lender variable rate:
   
   You can arrange to switch to a new deal at any time without paying any early
   repayment charges.
   
   Back to top
 * 4.
   
   HOW DO I KNOW WHICH DEAL TO CHOOSE?
   
   Our current mortgage deals are based on how much you owe on your mortgage in
   relation to how much we think your property is worth. This is known as your
   loan to value (LTV) and it is expressed as a percentage figure.
   
   Use our mortgage calculator to view our current deals and compare monthly
   payments.
   
   If you apply online you will need to decide which deal suits your
   circumstances best.
   
   If you would like to talk to a mortgage adviser please ask us to call you
   back.
   
   Back to top
 * 5.
   
   HOW DO YOU DECIDE WHAT DEALS TO OFFER ME?
   
   As a responsible lender we’ll make decisions based on  understanding your
   individual circumstances. We’ll create tailored mortgage offers based on a
   number of factors; including your current credit score, usage
   of your accounts and in some cases, the energy efficiency of your property.
   
   Back to top
 * 6.
   
   HOW CAN I FIND THE ENERGY EFFICIENCY OF MY PROPERTY?
   
   The energy efficiency of your property is measured by its Energy Performance
   Certificate rating (EPC). Further information is available on our Eco Home
   Hub.
   
   Back to top
 * 7.
   
   HOW CAN I APPLY?
   
   If you want to apply for a new deal, you can choose the way to apply.
   
   If you would like to talk to a mortgage adviser please ask us to call you
   back.
   
   You’ll be asked about your needs and circumstances. This will enable our
   mortgage adviser to recommend the most suitable deal for you.
   
   If you have any interest only borrowing and you are looking for a new deal,
   we may ask you to provide suitable documentary evidence of any repayment plan
   you have in place.
   
   You are responsible for making sure that you have a lump-sum available to
   repay any interest-only loans at the end of the mortgage term.
   
   You can also apply online but if you do, you cannot get our advice and will
   have to make your own choice about the most suitable product to suit your
   needs.
   
   Back to top
 * 8.
   
   WHAT DO I NEED TO APPLY ONLINE?
   
   If you want to apply online it'll take about 10 minutes and you'll need your
   mortgage account number to hand. Check your latest mortgage statement or
   logon to Internet Banking to view your mortgage account number.
   
   If you're not registered for Internet Banking yet, it's easy and only takes
   about 5 minutes. Find out how to register.
   
   Back to top
 * 9.
   
   WHAT HAPPENS WHEN I APPLY FOR A NEW DEAL?
   
   If you apply in branch to switch to a new deal you will receive an
   illustration showing your new monthly payment and a declaration. As you have
   received advice, you will also receive a Reasons for our Recommendation
   letter.
   
   If you apply over the phone then you will receive an illustration showing
   your new monthly payment and a declaration in the post and by email (if you
   have provided an email address). As you have received advice, you will also
   receive a Reasons for our Recommendation letter.
   
   If you apply online you will be able to view your illustration showing your
   new monthly payment and declaration online, you can also accept your new deal
   electronically. We’ll send you paper copies in the post for your records.
   
   Sometimes we’ll ask you to transfer the whole of your mortgage onto our
   latest mortgage conditions. If we do, you'll get a copy of these at the same
   time as you get the illustration and declaration. Take time to read all these
   documents before you agree to the transfer - they are really important.
   
   If you have any interest only borrowing and you are looking for a new deal,
   you must have a repayment plan in place and apply over the phone or in
   branch. We may ask you to provide suitable documentary evidence.
   
   You will need to agree to proceed with your application before we can make
   you a formal offer.
   
   Back to top
 * 10.
   
   WHAT HAPPENS WHEN I PROCEED WITH AN APPLICATION?
   
   When you agree to proceed with the application we will make you a formal
   offer. You should read your offer carefully to make sure you are still happy
   to go ahead. You do not need to do anything else unless you change your mind.
   
   We will send you a letter telling you when the transfer will take effect from
   and when we will start collecting your new monthly payment.
   
   Product transfers usually happen on the first of the month after you make
   your application. However, sometimes it can take a little longer, for example
   if you make your application near to the month end or you don’t return any
   paperwork quickly. If this happens, the transfer will usually take effect
   from the first of the second month after you make your application.
   
   Back to top
 * 11.
   
   WHAT HAPPENS IF I CHANGE MY MIND?
   
   If you change your mind after submitting your application you will need to
   contact us immediately.
   
   Back to top
 * 12.
   
   WILL I HAVE TO PAY ANY EARLY REPAYMENT CHARGES?
   
   Check your latest statement or sign in to Internet Banking, to see if there
   will be any early repayment charges to pay, if you switch some or all of your
   mortgage to a new product. As a current concession, early repayment charges
   that would otherwise be triggered by the switch are waived if there are 3
   months or less to run on your existing deal. This waiver does not apply to
   other transactions which might trigger the payment of an early repayment
   charge, such as a lump sum overpayment.
   
   If your existing deal has more than 3 months left to run, you can still
   switch your deal, but the waiver would not apply, so you may have to pay
   early repayment charges. Find out more about early repayment charges.
   
   Back to top
 * 13.
   
   WILL I BE CHARGED ANY FEES?
   
   If you switch with us, you won’t need to pay any legal fees or need a new
   valuation. Depending on the mortgage deal you choose, we may charge you a
   fee, called a product fee. You can pay this fee up-front, or you can add it
   to the total mortgage amount. If you add it to your mortgage, we’ll charge
   interest on it at the same rate as the rest of your borrowing.  You can check
   our current deals for more information.
   
   Back to top
 * 14.
   
   CAN I BORROW MORE OR MAKE CHANGES?
   
   If you are looking to borrow more at the same time as switching to a new
   deal, or you want to make a change to the term or repayment type of your
   existing mortgage, you will have to contact us to discuss your needs and
   circumstances with a qualified mortgage adviser.
   
   Back to top
 * 15.
   
   IF I MOVE HOME DURING THE FIXED RATE PERIOD, CAN I KEEP MY NEW DEAL?
   
   When moving home, you’ll need to apply for a new mortgage, as you’ll be
   borrowing against a different property. However, you may be able to keep your
   existing deal; this is often called Porting. Find out more about moving an
   existing Lloyds deal to another property.
   
   Back to top
 * 16.
   
   HOW CAN I PROTECT MY MORTGAGE?
   
   You can protect your mortgage with our Life and Body Cover. This type of
   insurance can give you the peace of mind of knowing that you and your loved
   ones will be able to keep your home if something happens to you. It could
   help to pay off your mortgage in the event of your death, or if you become
   too ill to work.
   
   We have a range of options available to Lloyds Bank mortgage customers. Our
   Mortgage and Protection Advisers are on hand to discuss your needs and can
   help you to find the right level of cover for your needs.
   
   You can find out more about protecting your mortgage, the cover we offer and
   how to get a personalised quote by visiting our Mortgage Protection page .
   
   Back to top
 * 17.
   
   DO I QUALIFY FOR THE CLUB LLOYDS DISCOUNT?
   
   As a Club Lloyds current account customer you could take advantage of an
   exclusive 0.20% discount off your initial fixed rate, when you switch to a
   new mortgage deal.
   
   Keep in mind
   
    * You must have a Club Lloyds current account open at the time of mortgage
      application
    * Offer can be withdrawn at any time
   
   Back to top


PRODUCTS AND SERVICES EXPANDABLE SECTION PRODUCTS AND SERVICES

 * Banking online
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 * Car insurance


HELP AND SECURITY EXPANDABLE SECTION HELP AND SECURITY

 * Help centre
 * Contact us
 * Our virtual assistant
 * Service status
 * Find a branch
 * Sign Video
 * Signly
 * How to complain
 * Fraud
 * Accessibility & disability


LEGAL EXPANDABLE SECTION LEGAL

 * Legal information
 * Terms and conditions
 * Privacy
 * Cookies
 * Sitemap
 * Modern Slavery Statement (PDF, 761 KB)
 * Financial Services Compensation Scheme


ABOUT US EXPANDABLE SECTION ABOUT US

 * About Lloyds Bank
 * Equality & diversity
 * Lloyds Banking Group
 * Careers

--------------------------------------------------------------------------------

 * Connect with us
    * 
      Visit the Lloyds Twitter page. Opens in a new browser tab.
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      Visit the Lloyds Facebook page. Opens in a new browser tab.
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      Visit the Lloyds Youtube channel. Opens in a new browser tab.

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Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN.
Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the
Prudential Regulation Authority and regulated by the Financial Conduct Authority
and the Prudential Regulation Authority under registration number 119278.




Mobile Banking app: Our app is available to UK personal Internet Banking
customers and Internet Banking customers with accounts held in Jersey, the
Bailiwick of Guernsey or the Isle of Man. You need to have a valid registered
phone number. Minimum operating systems apply, so check the App Store or Google
Play for details. Device registration required. The app doesn't work on
jailbroken or rooted devices. Terms and conditions apply.

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We have to collect some data when you use this website so it works and is
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choices below and update them at any time from the 'Cookies' link at the end of
any page. You can find out more in our Cookies Policy

We'd also like your consent to collect data on how you use our site. This helps
us decide which of our products, services and offers may be relevant for you. It
also helps us tailor and measure how effective our ads are on other websites,
social media, apps and devices, like Smart TVs.



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Select 'Accept all' to agree or 'Manage consents' to choose which cookies we
use. You can change your mind, or find out more, by visiting our Cookies Policy

If you've been to our site before, we'll have asked for your consent to put
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