Scottish Widows Bank has refreshed its ‘flexible’ remortgage range by reducing rates and splitting a loan-to-value band into two.
The lender’s 2-year fixes stand at 1.14% to 50% LTV and 1.19% to 60% LTV after reductions of 0.05% on both products.
Meanwhile Scottish Widows’ 5-year fixes now stand at 1.69% to 50% LTV, 1.79% to 60% LTV and 1.99% to 75% LTV, with the latter two products replacing its 50-75% LTV band.
All for aforementioned products come with a £749 fee.
Martin Fleming, managing director, Scottish Widows Bank, said: “With a wave of borrowers whose current mortgage deals are expected to come to an end in the coming months, it’s the ideal time for brokers to demonstrate the value of their advice.
“In times of change, advisers need to make sure their clients are prepared. By remortgaging to a Scottish Widows Bank offset product, they can access a competitive mortgage rate, reduce the balance they pay interest on with savings and have instant access to that cash should their circumstances change.”