Scottish Widows launches 1.74% 5-year fix

Ryan Bembridge

November 7, 2017

Scottish Widows Bank has launched limited edition 5-year fixes for remortgagors at 1.74% to 50% loan-to-value and 1.84% to 60% LTV, both with a £749 fee.

To be eligible applicants must go to offer between 30 November and 22 December.

Martin Fleming, managing director, Scottish Widows Bank, said: “We have seen a strong trend of our customers opting for longer term fixes in recent months and this has also been reflected across the market.

Reactions to the interest rate rise

“Following the Bank of England base rate rise, there is an opportunity for advisers to provide certainty around mortgage payments for their clients in a period of change.

“By remortgaging to a Scottish Widows Bank offset product, brokers can offer their clients the ability to access competitive mortgage rates, reduce the balance they pay interest on with savings and have instant access to that cash should their circumstances change.”

 

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