You are here: Home - News -

Scottish Widows Bank cuts rates and expands offset range

by:
  • 06/02/2017
  • 0
Scottish Widows Bank cuts rates and expands offset range
Scottish Widows Bank has expanded its offset remortgage product range and introduced a number of fixed rates enhancing its professional and flexible mortgages.

The lender is reducing selected flexible remortgage products, with a two-year fixed rate at 1.29% at 60% loan-to-value (LTV) and a 1.44% at 75% LTV, both with a £1499 product fee. Both products come with a fee-free remortgage package as part of the deal.

Martin Fleming (pictured), managing director, Scottish Widows Bank, said: “Boosting our offset remortgage range with new competitive options – including our lowest ever rate – helps demonstrate our commitment to supporting the growing number of borrrowers looking for a competitive and flexible remortgage deal.”

Other changes to the product range include:

Two-year fixed rates – remortgage products

Interest rates reduced by up to 0.15% on flexible and professional mortgage products up to 85% LTV with no fee.

Two-year base rate tracker – remortgage products

Newly-introduced two-year base rate tracker flexible and professional mortgage products up to 75% LTV with no fee.

Five-year fixed rates – remortgage products

Interest rates reduced by 0.15% on flexible and professional mortgage products up to 75% LTV with £1499 fee and a fee-free option.

Large loan rates introduced for borrowing over £1m, starting at 2.19% with a £1999 fee, available up to 75% LTV

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Japanese Knotweed flowers
Japanese Knotweed-blighted neighbours win damages from Network Rail

Two neighbouring homeowners battling Network Rail won their cases awarding them the costs to cover the treatment of Japanese Knotweed...

Close