Loyalty Club

Reward your clients with more

Customers who have a qualifying Club Lloyds current account can access exclusive Loyalty Club mortgage products with discounted initial mortgage rates.

Whether your client is purchasing their first home or moving home, Loyalty Club is another way to deliver added value and help them make the most of their banking relationship with Lloyds Banking Group.

The eligibility criteria and discount offered are the same whether the customer applies through an intermediary or directly with us.

 

Eligibility

A customer can access Loyalty Club mortgage products when:

  • the customer, or at least 1 applicant on a joint application, has a Club Lloyds current account
  • qualifying accounts are Club Lloyds, Club Lloyds Silver and Club Lloyds Platinum. Current accounts outside the main range also qualify where “Club” appears in the account name. This includes older accounts that new customers can no longer open and Private Banking accounts
  • the application is for a property purchase
  • the customer, or customers, must be a first-time buyer or home mover
  • there is no minimum income needed to qualify for Loyalty Club products.

Ineligible applications

Loyalty Club products are not offered for:

  • remortgages
  • further advances
  • product transfers.

Customers who do not have a Club Lloyds account

To access Loyalty Club products, customers who meet the account eligibility requirements can open a Club Lloyds account through the Club Lloyds application page.

Customers who already have a qualifying Club Lloyds account can apply for Loyalty Club products straight away.

Where a customer is opening a new Club Lloyds account or upgrading an existing account to Club Lloyds, the account must be fully open or upgraded before the mortgage application can proceed.

How to apply

When completing the application.

  • Answer ‘Yes’ to the question ‘Does any applicant have a Club Lloyds account?’.
  • Enter the customer's Club Lloyds sort code and account number on the loan details screen.
  • Applications using a Loyalty Club product cannot be submitted without these details.

Evidence requirements

  • Obtain evidence that the customer has a qualifying Club Lloyds account.
  • Retain the evidence on file as we may request this in the future.
  • Do not upload the evidence to the application unless requested.

Club Lloyds account information

The Club Lloyds current account has a £5 monthly fee. The fee is refunded when at least £2,000 is paid into the account each month. More information is included on the Club Lloyds application page.