All products include the option to offset and are at market-leading rates.
The range includes two and five-year fixed products with rates starting at 1.19% and a five-year fixed rate at 1.99% up to 75% loan to value (LTV).
Other options include:
- two-year fixed rates available from 0-50% LTV, starting at 1.19% with a £999 fee,
- two-year fixed lending over £1m, from 50% LTV, starting at 1.45% with a £1999 fee (for borrowing between £1-2m),
- five-year fixed rate available from 0-50% LTV, at 1.75% with a £999 fee,
- five-year fixed rate available from 50-75% LTV, at 1.99% with a £999 fee.
Scottish Widows Bank managing director Martin Fleming (pictured) said: “In this market there’s a growing number of people struggling to decide whether to pay down their mortgage when remortgaging or set the cash aside in a low interest environment.
“Reducing rates on our Flexible product range will help open up the market to those who in the past thought offset came at a premium.
“With rates at all-time lows, enhanced repayment vehicles and lower product fees, we are providing an attractive option for those facing that dilemma, while helping plug the gap in the market for products at 50% LTV which we are confident will be welcomed by brokers.”