The 997cc Ford 105E engine came with either two SU or Weber carburettors, the gearbox was a modified 4-speed BMC A series. Lockheed drum brakes were fitted all round as were magnesium bolt-on wheels. The Mk2 had a reputation for good handling but suffered engine and transmission reliability problems. Highlight of the 1960 season was a 1-2 at the Nürburgring for Dennis Taylor and South Africa's John Love.

Although no match for the Lotus 18 and the Cooper T52 results for the Mk2 were promising enough to see the creation in 1961 of the first rear-engined Lola, the Mk3, it's 18 guage spaceframe comprising of 1" and 3/4" tubes. The suspension was similar to the Mk2 but the fuel was carried in a central tank which gave the driver a forward seating position. A 5-speed Hewland VW based gearbox was fitted and the engine now used twin Weber 40 DCOE2 carbs. Results were generally poor and Broadley later admitted he wasn't happy with the design.

The Mk5 of 1962 was largely a redesign of the Mk3, results were adequate with a win at the Circuito del Garda for David Hitches and a second for the same driver at the Coupe de Paris at Montlhéry. There were several other top six finishes including a 3rd at Chimay for John Hine. The 1963 update, the Mk5a, won eleven national and international races including the Monaco GP support for Dick Attwood, other noted Mk5a drivers included John Hine, Dennis Taylor and Eric Offenstadt.