The mortgage market continues to evolve, and there’s some good news for eligible Lloyds Premier customers. From the 7th of July, borrowers with a Lloyds Premier Current Account can now access a range of exclusive Lloyds Premier mortgage deals through authorised mortgage brokers, including Oportfolio Mortgages.
Previously, these products were only available in more limited circumstances. Now, eligible customers can access them while still benefiting from independent, whole-of-market mortgage advice. This gives eligible borrowers access to exclusive Lloyds Premier mortgage deals while still benefiting from impartial advice and a comparison against the wider mortgage market.
Quick Answer
From 7th July, eligible Lloyds Premier Current Account holders can access exclusive Lloyds Premier mortgage products through authorised mortgage brokers, including Oportfolio Mortgages. This means qualifying borrowers can benefit from exclusive Lloyds deals while still receiving independent, whole-of-market mortgage advice.
Who This Guide Is For
This guide may be useful if you:
- Already have a Lloyds Premier Current Account
- Earn £100,000 or more
- Are buying a home
- Are planning to remortgage
- Are considering a product transfer
- Want to compare exclusive mortgage deals
What are the new Lloyds Premier mortgage deals?
Lloyds Bank has introduced a range of exclusive discounted mortgage products for customers who hold a Lloyds Premier Current Account.
These products are available through authorised mortgage brokers for:
- Buying a home
- Remortgaging
- Product transfers
- Further advances
As a whole-of-market mortgage broker, Oportfolio can assess these products alongside hundreds of other mortgage options to determine whether they genuinely represent the best choice for your circumstances.
Rather than being restricted to a single lender, you’ll receive impartial advice based on the wider mortgage market.
Who is eligible?
For purchase and remortgage applications, you’ll generally qualify if:
- You (or one applicant on a joint application) hold a Lloyds Premier Current Account.
- You (or one applicant) have a minimum annual income of £100,000.
- These requirements do not need to be met by the same applicant on a joint application.
- The products are available across all loan sizes.
As with all mortgage applications, lending remains subject to affordability, credit checks and Lloyds Bank’s lending criteria. If you don’t currently hold a Lloyds Premier Current Account, you may also be able to open one and become eligible, subject to Lloyds Bank’s criteria.
Product transfers and further advances
Existing Lloyds mortgage customers looking to complete a product transfer or apply for a further advance may also benefit.
Unlike purchase and remortgage applications, the £100,000 minimum income requirement does not apply for eligible product transfers and further advances where the customer already holds a Lloyds Premier Current Account.
Why use a mortgage broker?
Although these are exclusive Lloyds Premier mortgage products, it doesn’t automatically mean they’re the most suitable mortgage for every borrower.
An exclusive product isn’t necessarily the most competitive product. At Oportfolio, we’ll compare these exclusive products against the wider mortgage market to establish whether they offer the most competitive solution for your individual circumstances.
Our advice considers factors such as:
- Interest rates
- Overall cost over the fixed period
- Product fees
- Early repayment charges
- Lending criteria
- Future flexibility
Sometimes an exclusive lender product will be the best option. Other times, another lender may provide better overall value. Our role is to ensure you make an informed decision.
Can high earners benefit?
Many Lloyds Premier customers are professionals, business owners and senior executives whose circumstances may be more complex than a standard mortgage application.
If you earn £100,000 or more, these exclusive mortgage products may be worth exploring, particularly if you’re purchasing a new property or reviewing your existing mortgage arrangements.
However, eligibility depends on meeting Lloyds Bank’s lending criteria and affordability assessment.
Should you apply?
If you already have a Lloyds Premier Current Account, it’s worth finding out whether these exclusive mortgage deals could reduce your monthly payments or improve your borrowing options.
If you don’t yet have a Premier account but meet the eligibility criteria, opening one could provide access to these products, although the account must be active before a mortgage application can be submitted.
Oportfolio Insight
One of the biggest misconceptions we see is that an exclusive mortgage deal is automatically the best mortgage available. In reality, that’s not always the case.
Some exclusive products offer outstanding value, while others may be beaten by another lender once fees, incentives, flexibility and overall borrowing costs are taken into account. That’s why comparing the whole market remains so important, even when you qualify for an exclusive deal.
Speak to Oportfolio
At Oportfolio, we specialise in helping clients navigate an increasingly complex mortgage market.
Whether you’re buying your next home, remortgaging, or reviewing your options as a high-income borrower, we’ll compare these exclusive Lloyds Premier mortgage products with thousands of other mortgages across the market to ensure you receive advice tailored to your circumstances.
If you already have a Lloyds Premier Current Account, or you’re considering opening one, we’d be happy to review whether these exclusive products are genuinely the best option for your circumstances.
Get in touch with Oportfolio Mortgages today for independent, whole-of-market mortgage advice tailored to your needs.
