Personal banking > Mortgages > Mortgage range > Buying a home > Full-Term Tracker Mortgages details 

                                                                                    

                                                                                       

Rates effective from 20 January 2010.
Borrowing between £5,000 and £1,000,000, up to 60% of your home's value

                                              

Rates effective from 20 January 2010.
Borrowing between £5,000 and £1,000,000, up to 75% of your home's value

                                              

Rates effective from 20 January 2010.
Borrowing between £5,000 and £1,000,000, between 75% and 85% of your home's value

                                              

Rates effective from 20 January 2010.
Borrowing between £5,000 and £750,000, between 85% and 90% of your home's value

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

Your rate follows the Bank of England base rate, currently 0.50%. If the base rate changes, the rate on your mortgage will be adjusted accordingly, up or down, within one month.

In addition to the specific information that will be taken into account in agreeing your mortgage such as the value of your property and your income, here are some other considerations:

Starting your mortgage with Lloyds TSB - If you are purchasing a new-build property the most you can borrow is 80% of your home’s value.

Borrowing more than 75% of your home’s value - You must take out your whole mortgage on a repayment basis only. This applies whether you’re moving home or switching your current mortgage to us. It’s because a repayment mortgage offers more certainty of clearing your mortgage by the end of the term.

Borrowing 75% or less of your home’s value - You can arrange all of your mortgage, or part of it, on an interest-only basis.

Within six months of your mortgage starting - You cannot apply to borrow any more on your mortgage or change the term over which your mortgage is due to run. If you decide to let your property, you must end the mortgage you’ve taken out, paying any Early Repayment Charge that applies, and switch to one of our Buy-to-Let Mortgages.

If you already have a mortgage with us or C&G and you’re looking to borrow more - The most you can borrow against the value of your home is 80% in total. This means that your current mortgage and further borrowing amount added together cannot be more than 80% of your home’s value. Also, if the new borrowing takes your total above 75% of your home’s value, all of the new amount must be on a repayment basis. If it is not more than 75% of your home’s value you can arrange the further borrowing on an interest-only or a repayment basis, or a combination of both.

Mortgage fees
There are four fees that may apply:

Application fee - There is a £99 non-refundable application fee payable if you are purchasing a property or moving your mortgage from another lender. This is payable when you send us your mortgage application.

Product fee - The table(s) above show which non-refundable product fee (if any) is payable. Where a product fee applies, it will be added to your new mortgage. You can then pay the fee off within 30 days of the start of your mortgage, and no interest will be charged on it; or leave it on your mortgage to spread the cost and interest will be charged on it as part of your main mortgage.

Valuation fee - If you’re buying a property you’ll need to pay a valuation fee when you apply. The fee amount depends on the value of the property. See our valuation details..

Transfer of funds fee - If you’re buying a property or just moving your mortgage from another lender you will need to pay a non-refundable fee of £35 for the transfer of money when your mortgage starts. The fee will be added to the loan and interest charged.

See full details of all our fees and charges.

Legal fees
Free legal work if you are borrowing between £5,000 and £999,999 for a standard remortgage; plus a fixed-price service for the most common extra legal work needed on non-standard remortgages.
Find out more about free legal work and fixed-price services.

How do I apply?