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Scottish Widows launches remortgages with rates from 1.29%

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  • 05/01/2017
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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.”

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