If your existing mortgage with us is currently more than 95% of your home’s value, please call us on 0845 300 6793 to discuss the options available to you.
If your existing mortgage is on an interest-only basis, we’ll need signed confirmation from all of the mortgage holders that there is a repayment
plan(s) in place to repay the borrowing at the end of the term.
If your current deal would revert to the Standard Variable Mortgage Rate, and you decide to switch to a new deal, you won't go back on to the Standard Variable Mortgage Rate at the end of the new deal.
If you are an existing Lloyds TSB Scotland mortgage customer please call 0845 300 6793 for details on switching to a new deal.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Interest-only or repayment?
With a repayment mortgage, each payment reduces the borrowed amount as well as paying interest. At the end of your mortgage, it will be paid off as long as all repayments are met.
If you pay on an interest-only basis, you’ll only pay interest on the borrowed amount. The total borrowing will stay the same. So you’ll need to show how you plan to pay it all off at the end.
More information about repayment options.
Will Lloyds TSB lend to you?
We offer a great range of mortgages, however a number of things are taken into account when deciding if we can lend to you. See our considerations.
Mortgage product fees
Usually there’s a choice of mortgages with different product fees. The costs are shown in the rate tables. Generally you’ll get a lower mortgage rate in return for a higher fee, or no fee with a higher rate. The fee will be added to the mortgage, you can choose to pay it off or leave it on to spread the cost.
Lloyds TSB Scotland plc offer their own range of mortgages find out more.
*Lines are open 8am-8pm Monday to Friday and 9am-2pm on Saturdays. We’re closed on Sunday and Bank Holidays. We may monitor or record calls with you to improve the quality of our service.
