[1] He was only son of Thomas Loveday of Caversham, then in Oxfordshire, and Feenes Manor, Berkshire, by Sarah, daughter of William Lethieullier, a Turkey merchant of Clapham, Surrey.
After attending Reading school he matriculated at Magdalen College, Oxford as a gentleman-commoner on 13 February 1728, and graduated B.A., in 1731, M.A.
He purchased Dr. John Ward's manuscripts and coins, and founded a family library at Williamscote, near Banbury.
He was admitted an advocate in Doctors' Commons on 4 November 1771, but ceased to practise after increasing his property by a marriage in 1777 with his ward Anne, only daughter and heiress of William Taylor Loder of Williamscote.
Loveday then sold the Caversham property, and lived at Williamscote, where he died on 4 March 1809, leaving four sons and a daughter.