Scottish Widows launches lowest ever fixed rate

Scottish Widows Bank has extended its offset remortgage product range and launched its lowest ever fixed rates.

Related topics:  Mortgages
Rozi Jones
6th February 2017
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"Boosting our offset remortgage range with new competitive options – including our lowest ever rate – helps demonstrate our commitment"

Scottish Widows has cut interest rates by up to 0.15% on its Flexible & Professional Mortgage range up to 85% LTV.

The lender is reducing selected flexible remortgage products, with a two-year fixed rate at 1.29% up to 60% LTV and a 1.44% at 75% LTV, both with a £1499 product fee. 

It has also launched new two-year base rate tracker Flexible & Professional Mortgage products up to 75% LTV with £0 fee.

Additionally, Scottish Widows has introduced new large loan rates for borrowing over £1m, starting at 2.19% with a £1999 fee.

Martin Fleming, Managing Director, Scottish Widows Bank, said: “Boosting our offset remortgage range with new competitive options – including our lowest ever rate – helps demonstrate our commitment to supporting the growing number of borrrowers looking for a competitive and flexible remortgage deal.

“By continuing to support brokers with attractive fixed rate remortgage and product transfer options, they can help highlight the benefits for borrowers who can earn the same rate of interest on their savings as they pay on a mortgage.”

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