Lloyds Mortgage

Woot1990

Morning Everyone 
Hoping someone can offer some advice in regards to my upcoming mortgage interview with Lloyds. I work indirectly for LBG so will be applying for their staff mortgage rate. My only concern is that i have a number of pay day loans on my credit report from 2+ years ago. Does anyone have any experience with Lloyds and their view on historic pay day loans? All were paid on time with no defaults. I also now have no current credit commitments so will be applying with no debt and believe from an affordability point of view I am in a really strong position. My credit report and score from the 3 main agencies is also very good, though appreciate this doesn't necessarily translate to me being a favorable customer for mortgage purposes. 

Many thanks in advance for your help! Its very much appreciated. 

[Deleted User]

Pretty sure its credit scoring related.  If youve got a strong credit score then you'll get through it.  

Also, go to Halifax instead. Same underwriting and cirteria.  You'll still get the staff deal and their rates tend to be lower.   

And also, check the staff deal actually works out cheaper overall when taking BiK into account.  When i worked there most ditched it as the tax as a benefit in kind was heavy and lost any benefit of the low rate

Woot1990

Thanks for your quick response! Definitely take a little of the worry away. My credit score is either max or very nearly max on the 3 agencies so hopefully shouldn't have any issues. 
The reason for the staff rate is due to being a FTB with 10% deposit so essentially the only mortgage i can get at the moment. For my current circumstances, seems a decent rate even compared to 85-80% LTV rates if I were to save a little more deposit. I will revisit it in the future though to make sure its still appropriate. 

[Deleted User]

are they still doing 10% deposits for staff?