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Scottish Widows reduces rates

Sarah Davidson

July 11, 2014

It’s 2-year and fixed rate professional mortgages above 60% LTV have been reduced, starting at 2.79% with a £999 fee or 2.49% with a £1,499 fee, while its 3-year fixed rate professional mortgages begin at 2.79% with a £1,499 fee.

Rates on 2-year fixed rate flexible mortgages above 60% LTV start at 2.99% with a £999 fee, while on 3-year fixed rates they start at 2.99% with a £1499 fee.

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.”

Both it’s 2-year tracker professional and flexible mortgages above 60% LTV have been reduced between 0.10% and 0.20%, starting at 2.89% with a £999 fee.


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