Scottish Widows Bank has cut the rates on its Professional and Flexible mortgage product range.
Changes are as follow:
Two Year Fixed Rates
- 0-85% LTV two year products with a £999 booking fee have reduced by up to 0.2 percentage points, with rates starting from 2.19% (Flexible) and 1.99% (Professional)
- 0-85% LTV two year products with a £1499 booking fee have reduced by up to 0.2 percentage points, with rates starting from 1.99% (Flexible) and 1.79% (Professional)
Three Year Fixed Rates
- 0-85% LTV three year products with a £0 booking fee have reduced by up to 0.2 percentage points, with rates starting from 2.69% (Flexible) and 2.49% (Professional)
- 0-85% LTV three year products with a £1499 booking fee have reduced by up to 0.2 percentage points, with rates starting from 2.39% (Flexible) and 2.19% (Professional)
Two Year Base Rate Trackers
- Interest rates on all Scottish Widows base rate trackers with a £999 arrangement fee are reducing by 0.2 percentage points, with rates on <60% LTV two year products starting from 1.19% above Bank of England base rate giving a variable current rate of 1.69% (Professional) and 1.89% (Flexible)
Gordon Bowden, director at Scottish Widows Bank, said: “Scottish Widows Bank is known for offering competitively priced, innovative mortgage deals, together with superlative service. This is a big year for Scottish Widows Bank and our goal for 2015 is to build on this reputation, starting with these new rates.”
