The 2 year fixed rate products being reduced include:
- 60% LTV fixed rate mortgage for professionals is being reduced by 0.10% to 1.99%, with a £999 fee
- 60% LTV fixed rate mortgage for professionals is being reduced by 0.10% to 2.49%, with no fee
- 60% LTV tracker rate mortgage for professionals is being reduced by 0.10% to 1.99% with a £999 fee (1.49% + 0.50% BOE base rate)
- 60% LTV fixed rate flexible mortgages are being reduced by 0.10% to 2.19% with a £999 fee
- 60% LTV fixed rate flexible mortgages are being reduced by 0.10% to 2.69%, with no fee
- 60% LTV tracker flexible mortgage are being reduced by 0.10% to 2.19% with a £995 fee (1.69% + 0.50% BOE base rate)
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 that will provide brokers with an even more competitive suite of products for their clients.”
Scottish Widows cuts rates on two-year mortgages
Scottish Widows Bank has today reduced the rates on a on a selection of 2 Year Fixed Rate Professional and Flexible mortgages across its 60% LTV ranges.
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