Mortgage News
Scottish Widows launches remortgages with rates from 1.29%
Scottish Widows Bank has launched a range of remortgage products with an offset option which it says contains some of its lowest ever rates for mortgage switchers.
The range includes both two and five-year fixed products with rates as low as 1.29%. The lender, which specialises in professional and offset mortgages, is also offering selected no-fee products.
Its two-year fixed rate range for professionals includes a 1.29% product available up to 90% loan-to-value (LTV) with a fee of £1499 fee and a 1.84% rate which is fee-free.
Two-year fixed rates start at 1.39% on its flexible mortgage range.
Five-year fixes for professionals, up to 75% LTV, start at 2.14% with a fee of £1499 and rates starting at 2.24% on its flexible mortgage range.
Martin Fleming (pictured), managing director, Scottish Widows Bank, said: “Our lowest ever remortgage rates with the flexibility of offsetting built in will help brokers to meet the needs of clients looking to save money by remortgaging whilst maintaining a cash reserve amid current economic uncertainty. They no longer need to choose between competitive rates and offset as we can offer the best of both worlds.”
Episode 5: Larger Loans and Complex Lending: Powered by Partnership podcast from Newcastle for Intermediaries
Sponsored by Newcastle for Intermediaries