Scottish Widows Bank announces mortgage rate cuts
Tuesday 13th January 2015
Scottish Widows Bank has cut the rates on its Professional and Flexible mortgage product range with immediate effect.
Two Year Fixed Rates
• 0-85% LTV two year products with a £999 booking fee have reduced by up to 0.2%, with rates starting from 2.19% (Flexible) and 1.99% (Professional)
• 0-85% LTV two year products with a £1499 booking fee have reduced by up to 0.2%, with rates starting from 1.99% (Flexible) and 1.79% (Professional)
Three Year Fixed Rates
• 0-85% LTV three year products with a £0 booking fee have reduced by up to 0.2%, with rates starting from 2.69% (Flexible) and 2.49% (Professional)
• 0-85% LTV three year products with a £1499 booking fee have reduced by up to 0.2%, with rates starting from 2.39% (Flexible) and 2.19% (Professional)
Two Year Base Rate Trackers
• Interest rates on all Scottish Widows base rate trackers with a £999 arrangement fee are reducing by 0.2%, with rates on <60% LTV two year products starting from 1.19% above Bank of England base rate giving a variable current rate of 1.69% (Professional) and 1.89% (Flexible)
Commenting on the reduction, Gordon Bowden, Director at Scottish Widows Bank, said: “Scottish Widows Bank is known for offering competitively priced, innovative mortgage deals, together with superlative service. This is a big year for Scottish Widows Bank and our goal for 2015 is to build on this reputation, starting with these new rates.”
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