The Professional range, which goes up to 85% LTV, are all two-year fixed rates and have been reduced by up to 0.20%, meaning the rates now start at 2.59%.
The two-year base rate tracker Professional mortgages - also up to 85% - were reduced by 0.10% and now also start from 2.59%. Both these ranges come with a £999 fees.
On 75% - 85% LTV two-year base rate tracker mortgages, rates are also reduced by up to 0.10%. The range now starts at 2.79% for 75% LTV and range up to 3.79% for 8% LTV. These products also come with a £999 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 at the start of the year to our product range and that will provide brokers with an even more competitive suite of products for their clients."
