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Scottish Widows Bank cuts 2-year rates

Robyn Hall

January 10, 2014

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.”

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).


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