Mortgage News
Scottish Widows tweaks remortgage deals
Scottish Widows Bank is trimming interest rates on a trio of remortgage deals and amending its loan to value (LTV) banding on five-year fixed-rate products.
A pair of two-year fixed-rate remorgage products are being reduced by 0.05%: the up to 50% LTV range will be available at 1.14%, the 50-60% LTV loans at 1.19%.
A five-year fixed-rate loans at up to 50% LTV is being reduced by 0.06% to 1.69%.
All three come with a £749 fee.
The lender is also splitting the current 50-75% LTV band on its five-year fixed products into 50-60% LTV at 1.79% and 60-75% LTV at 1.99%, both with a £749 fee.
All products come with the facility to offset as standard
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Scottish Widows Bank managing director Martin Fleming (pictured) said: “With a wave of borrowers whose current mortgage deals are expected to come to an end in the coming months, it’s the ideal time for brokers to demonstrate the value of their advice.”