Scottish Widows Bank (SWB) has cut the rates on a on a selection of two and three-year professional and flexible mortgages across its mortgage range.

Rates on two-year fixed rate professional mortgages above 60% LTV are being reduced between 10-30bps with rates starting 2.79% with a £999 fee or 2.49% with a £1,499 fee.

All rates on three-year fixed rate professional mortgages are being reduced between 10-30bps with rates starting 2.79% with a £1499 fee.

Rates on two-year fixed rate flexible mortgages above 60% LTV are being cut between 10-30bps with rates starting 2.99% with a £999 fee.

All rates on three-year fixed rate flexible mortgages are being reduced between 10-30bps with rates starting 2.99% with a £1499 fee.

Rates on two-year base rate tracker professional mortgages above 60% are being reduced between 10-20bps with rates starting 2.89 with a £999 fee (2.19% + 0.50% BOE base rate).

Rates on two-year base rate tracker flexible mortgages above 60% are being cut between 10-20bps with rates starting 2.89 with a £999 fee (2.39% + 0.50% BOE base rate).

Mike Jones, managing director of Scottish Widows Bank, said: “There is a clear requirement for niche products, such as professional and flexible mortgages, from a segment of the home buying public and we are pleased to able to provide these.

“We are making a number of changes to our product range that will provide brokers with an even more competitive suite of products for their clients.”