Loyalty Premier

Reward your clients with more

Customers who have a Lloyds Premier current account can unlock exclusive discounted mortgage deals within the Loyalty Premier product range.​​

Whether your client is purchasing a new home, remortgaging, completing a product transfer, or applying for a further advance, it's another way for you to deliver added value and help them make the most of their banking relationship.​

The eligibility for Loyalty Premier products and the discount offered is the same if the customer applies through an Intermediary or applies to us directly.

 

Eligibility

To be eligible for the Loyalty Premier proposition, all the following criteria must be met

  • The customer, or at least 1 applicant on a joint application, must have a Lloyds Premier current account.
  • For purchase and remortgage applications, at least 1 applicant must have an income of at least £100,000.
  • The applicant meeting the income requirement does not need to be the same applicant who has the Lloyds Premier current account.
  • The £100,000 income requirement does not apply to product transfer or further advance applications.

Income requirement for Loyalty Premier product

Purchase and remortgage applications only

At least 1 applicant must have an income of £100,000 or more.

Income is calculated as follows

  • Employed applicants. Basic salary plus bonus, overtime and commission. Using income figures keyed on application following normal keying requirements and not including any other income sources.
  • Self-employed applicants. Latest year's income.

Lloyds Premier account requirement

Important: The income requirement for the mortgage proposition is separate from the eligibility requirements for a Lloyds Premier account.

To qualify for a Lloyds Premier account, customers must meet the account's eligibility requirements. These include either:

  • paying in £5,000 a month to the account
  • having £100,000 of qualifying savings or investments with Lloyds Banking Group.

The Lloyds Premier account requirements do not replace the £100,000 income requirement for purchase and remortgage mortgage applications.

How to apply

Purchase and remortgage applications

To support Loyalty Premier applications, we've introduced a new question within the mortgage application loan details screen:

Does any applicant have a Lloyds Premier account?

When completing the application:

  • Select "Yes" and enter the customer's Lloyds Premier sort code and account number.
  • Make sure only the customer's correct Lloyds Premier account details are entered. We may contact you to verify these details.
  • If neither applicant has a qualifying Lloyds Premier account, or the application is not using a Loyalty Premier product, select "No".
  • If these details are not entered, or the income requirement is not met, an application on a Loyalty Premier product cannot be submitted.

Evidence requirements

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

Product transfers and further advances

  • The minimum income requirement does not apply.
  • Loyalty Premier products will automatically be offered for selection when the customer has a Lloyds Premier current account.
  • Where a customer has recently opened or upgraded a Lloyds Premier current account, Loyalty Premier products may take up to 5 working days to appear within the application portal.

Customers who do not have a Lloyds Premier account

Applicants can open a Premier account to access Loyalty Premier products if they meet the qualifying criteria.

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

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

Customers needing further support with account opening can call 0345 878 0015.