All you need to do is plug in some basic details, including your reasons for borrowing, how much you need and how long for, and the calculator will show you top deals from across the market. Our mortgage calculator makes it easier to find a range of good value mortgage deals from across the market. So, if you borrow £50,000 on a £100,000 property (giving an LTV of 50%) you may find you are offered a better deal that if you need to borrow £80,000 on a £100,000 property (80% LTV). Most lenders will tend to offer better interest rates on deals with a low LTV. Mortgage providers use this to assess how much they will be willing to lend you and how much of a risk the mortgage is likely to be for them. Loan to value (LTV) ratio is a way of showing the amount you want to borrow as a percentage of the market value of the property you are borrowing against. To take out a second charge mortgage with Lloyds you must be borrowing a minimum of £10,000 and will need to be up-to-date with your payments for at least the last three months before you apply. This is often referred to as a second charge mortgage and can be cheaper than remortgaging if you already have a good deal on your existing mortgage. If have had a mortgage with Lloyds for at least six months, you may be eligible to increase your borrowing with a separate secured loan. This can result in lower monthly costs for you or give you the extra cash you need for home improvements or other purposes. Remortgaging can allow you to reduce your monthly repayments by switching to a better deal, or let you borrow more, leaving you with a spare lump sum once your old mortgage is paid off. Lloyds will allow you to take out up to three buy-to-let mortgages at once. This can be used towards buying a first rental property, or expanding your existing rental portfolio. If you already have a mortgage and are over 25 you may be able to qualify for a buy to let mortgage with Lloyds Bank. These will often allow you to borrow a larger percentage of your property’s value than normal, to help those struggling to get together a deposit. Getting your first mortgage can be a challenge, which is why many lenders provide mortgages specifically aimed at first time buyers. There’s evidence in our archive of some links to slavery.Whatever you need a mortgage for, there are various options to choose from to help you find a loan that matches your requirements. Birmingham became the main supplier of ironware and guns to Africa, which would have been used by slave traders.īetween 18 Lloyds took over around 50 banks - some 200 in total, as these banks had taken over other banks. However, customers included those involved in the iron trade as well as gun makers. It’s difficult to say whether early customers had connection with the slave trade, as very few customer records have survived. John Lloyd, one of the sons of Sampson Lloyd II, one of the original founders of the bank, was heavily involved in the movement. The Lloyd family were Quakers and, as such, family members were actively involved in the movement to abolish the transatlantic slave trade. Like any institution that is so interwoven with our country’s history, we must acknowledge and learn from our past. They replaced the men who had gone off to fight.Ī lot has changed during the 300 year history of our brands and while we have much within our heritage to be proud of, we can’t be proud of it all. Women were employed by the bank in large numbers for the first time, during the First World War. This meant officers returning to and from the Front could cash cheques at any time, day or night. During the First World War, its main office in Charing Cross, London, stayed open 24 hours a day. Previously known as Cox & Co., this firm served as banker to the armed forces. The second acquisition, in 1923, was that of army agency Cox’s & King’s. This was the last provincial bank in England and Wales to issue its own banknotes, which it had done continuously since 1787. In 1921, Lloyds took over the Somerset bank of Fox, Fowler & Co. This secured Lloyds' position as one of the ‘Big Five’ high street banks. Through the takeover, Lloyds gained an additional 473 branches – an increase of 53%. In 1918, Lloyds undertook what was to be its biggest takeover until the merger with TSB, some 80 years later. It continued its domestic growth, taking over banks large and small it began its expansion overseas its workforce changed beyond recognition, with the employment of women in large numbers during the First World War and its accounting systems, largely unchanged since the 17th century, were transformed by mechanisation. The start of the 20 th century marked a period of significant change for Lloyds, on many different levels.
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