Existing Borrowers
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Existing borrowers

Moving home

Moving home is an important decision and can be both exciting and sometimes stressful. It’ll be important to you to find the right property and location and we can find you the right mortgage to suit your needs and circumstances.

Borrow more

If you want to improve your home or raise money for specified purposes we're here to help you.

Just call us on 01509 631950 to talk to one of our friendly qualified Advisers or visit one of our branches to arrange an appointment. Alternatively, you can request a call-back at a time convenient to you.

Change your mortgage

What happens at the end of the discounted or fixed rate period?

Your rate will revert to our standard variable interest rate for the remainder of the term. However, we will contact you shortly before this happens to let you know what your new payment is. If you’re eligible, you may be able to transfer to a different mortgage product.

Experiencing financial difficulty

At The Loughborough we understand that there may be times when you could be facing difficulties in making your mortgage payments.

Should you be experiencing financial difficulties or think you might not be able to meet your mortgage repayment now or in the future it is important that you contact us without delay on 01509 631952. 

Our Mortgage Service team is available from 9.00am to 5.00pm Monday to Friday.  Your call will be answered personally by one of our friendly and trained team members who will work with you to understand your individual circumstances and to try to agree a solution that meets your needs.   

You can also find practical advice in this booklet produced by the Money Advice Trust and the Building Societies Association.

Mortgages for existing borrowers

Variable Rate Mortgages
Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

Further Advance 3 Year Discount

2.79% 4.4% APRC 90% £0 View
for 36 months
find out more

Representative example

A Mortgage of  £32,368, payable over 20 years and 5 months (245 months) initially on a discounted rate for 3 years (36 months) of 2.79% and then on our current standard variable rate of 4.84% for the remaining 17 years and 5 months (209 months) would require 36 monthly payments of £173.44 then 209 monthly payments of £203.52. The total amount payable would be £48,984.51 made up of the loan amount plus interest (£16,511.51) and a £75.00 valuation fee and £30.00 CHAPS fee. The overall cost for comparison is 4.4% representative APRC.       

Fixed Rate Mortgages
Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

Further Advance 3 Year Fixed Rate

2.99% 4.4% APRC 90% £0 View
for 36 months
find out more

Representative example

A Mortgage of  £23,712, payable over 20 years and 1 month (241 months) initially on a fixed rate for 3 years (36 months) of 2.99%  and then on our current standard variable rate of 4.84% for the remaining 17 years and 1 month would require 36 monthly payments of £130.99 then 205 monthly payments of £150.89. The total amount payable would be £35,827.78 made up of the loan amount plus interest (£12,010.78) and a £75.00 valuation fee and £30.00 CHAPS fee. The overall cost for comparison is 4.4% representative APRC.        

How to apply...

The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.

There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you: