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Scottish Widows Bank reduces rates on selected two year mortgages

11th January 2014 Print

Scottish Widows Bank (SWB) has reduced the rates on a on a selection of 2 Year Fixed Rate Professional and Flexible mortgages across its 60% LTV ranges.

The 2 year fixed rate products being reduced include:

60% LTV fixed rate mortgage for professionals is being reduced by 0.10% to 1.99%, with a £999 fee

60% LTV fixed rate mortgage for professionals is being reduced by 0.10% to 2.49%, with no fee

60% LTV tracker rate mortgage for professionals is being reduced by 0.10% to 1.99% with a £999 fee (1.49% + 0.50% BOE base rate)

60% LTV fixed rate flexible mortgages are being reduced by 0.10% to 2.19% with a £999 fee

60% LTV fixed rate flexible mortgages are being reduced by 0.10% to 2.69%, with no fee

60% LTV tracker flexible mortgage are being reduced by 0.10% to 2.19% with a £995 fee (1.69% + 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 at the start of the year to our product range that will provide brokers with an even more competitive suite of products for their clients.”