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Lloyds Bank Mortgages

Written by Simon Baker BSc (Hons)  |  Reviewed by The Complete Mortgage Shop, FCA regulated (FRN 728880)  |  Last updated July 2025

Lloyds Bank is one of the UK’s largest mortgage lenders and one of the oldest financial institutions in the country, tracing its roots to 1765. The bank traded as Lloyds TSB from 1995 until 2013, when TSB Bank was separated from the group and relaunched as a standalone brand. The mortgage business continued under the Lloyds Bank name and remains one of the most active lenders in both the purchase and remortgage markets.

Lloyds Bank mortgage products

Lloyds Bank offers a wide range of mortgage products across all borrower types:

• Fixed-rate mortgages — 2, 3 and 5-year fixed terms for purchase and remortgage
• Tracker mortgages — variable rates linked to the Bank of England base rate
• Buy-to-let mortgages — through the Halifax brand (part of the same Lloyds Banking Group)
• First-time buyer mortgages — including support for shared ownership and government schemes
• Help to Buy equity loan — where applicable under current scheme rules

Lloyds Bank lending criteria

Lloyds Bank uses its own affordability model, which can vary significantly from other lenders in how it treats income types such as self-employment, bonus income, or multiple income streams. Maximum loan-to-value is typically 90% for residential mortgages, though products and criteria change frequently.

Should you go direct or use a broker?

Lloyds Bank sells mortgages both directly and through mortgage brokers. However, not all of their products are available through all channels, and direct applicants miss out on the whole-of-market comparison an independent broker provides. An independent broker can confirm whether a Lloyds Bank mortgage is genuinely the best option for your circumstances, or whether another lender offers better terms for your specific income, deposit and property type.

Speak to an independent mortgage professional