Scottish Widows cuts rates
The 2-year fixed rate products being reduced include a 60% LTV mortgage for professionals which is reduced by 0.20% to 1.79%, a 60-75% LTV mortgage for professionals which is reduced by 0.20% to 2.19% and a 60-75% LTV flexible mortgage on a repayment only basis which is also dropped by 0.20% to 2.39%. All the products have a £1499 fee.
Mike Jones, managing director of Scottish Widows Bank, said: “There is a clear requirement for niche products such as professional and offset mortgages from a segment of the home buying public.
“We are making a number of changes to our product range and are pleased to be able to continue to support them with an even more competitive suite of products.”