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Scottish Widows Bank reduces mortgage rates

11th July 2014 Print

Scottish Widows Bank (SWB) has reduced the rates on a on a selection of 2 and 3 year Professional and Flexible mortgages across its mortgage range.

Rates on 2 year fixed rate professional mortgages above 60% LTV are being reduced between 0.10% and 0.30% with rates starting 2.79% with a £999 fee or 2.49% with a £1,499 fee.

All rates on 3 year fixed rate professional mortgages are being reduced between 0.10% and 0.30% with rates starting 2.79% with a £1499 fee.

Rates on 2 year fixed rate flexible mortgages above 60% LTV are being reduced between 0.10% and 0.30% with rates starting 2.99% with a £999 fee.

All rates on 3 year fixed rate flexible mortgages are being reduced between 0.10% and 0.30% with rates starting 2.99% with a £1499 fee.

Rates on 2 year base rate tracker professional mortgages above 60% are being reduced between 0.10% and 0.20% with rates starting 2.89 with a £999 fee (2.19% + 0.50% BOE base rate).

Rates on 2 year base rate tracker flexible mortgages above 60% are being reduced between 0.10% and 0.20% 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.”