Lloyds announces launch of new online remortgaging service

Lloyds announces launch of new online remortgaging service

Lloyds Bank has announced today that it has launched a new online remortgage service which will provide increased ease for those looking to switch their mortgage to Lloyds Bank.

Nick Edwards, Lloyds Bank Digital Director says: “If borrowers want to get a better deal on their existing mortgage by switching their lender, we want the process that they follow to be as simple and convenient as possible. We know from speaking to people who are thinking about moving their mortgage the most important factors are the rate that they are able to secure and the overall cost of the borrowing. These are now part of the first step in our application process so people don’t spend time providing information to then find out that they can’t get the specific mortgage rate they want.”


Borrowers looking to switch their existing mortgage to Lloyds Bank can use the bank’s online mortgage calculator to see if they could save money on their monthly mortgage payments. They can then apply online for an Agreement in Principle (AIP) in minutes which, if approved, provides an indication of whether the bank can lend the amount of money required.

Following the AIP, the full mortgage application can now be completed entirely online, with applicants able to upload documents electronically and self-select the type of mortgage, such as a variable or fixed term, and associated rate that they want. Taking around 30 minutes to complete the application, there is also a live webchat service provided to support with any questions that may arise during the process.

Nick adds: “By introducing a fully online application process we are further increasing the choice we provide for people in how they want to manage their mortgage and allowing them to decide when and where is most convenient.”

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Latest Comments

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
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How is the "robust evidence" looking now?

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You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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