Scottish Widows Bank has cut the rates on a selection of two and three-year professional and flexible mortgages across its mortgage range.
Rates on 2-year fixed rate professional mortgages above 60 per cent loan-to-value are being reduced between 0.1 per cent and 0.3 per cent with rates starting at 2.79 per cent with a £999 fee or 2.49 per cent with a £1,499 fee.
All rates on 3-year fixed rate professional mortgages are being reduced between 0.1 per cent and 0.3 per cent with rates starting at 2.79 per cent with a £1,499 fee.
Rates on 2-year fixed rate flexible mortgages above 60 per cent LTV are being reduced between 0.1 per cent and 0.3 per cent with rates starting 2.99 per cent with a £999 fee.
All rates on 3-year fixed rate flexible mortgages are being reduced between 0.1 per cent and 0.3 per cent with rates starting at 2.99 per cent with a £1,499 fee.
Rates on2-year base rate tracker professional mortgages above 60 per cent are being reduced between 0.1 per cent and 0.2 per cent with rates starting 2.89 with a £999 fee.
Rates on 2-year base rate tracker flexible mortgages above 60 per cent are being reduced between 0.1 per cent and 0.2 per cent with rates starting at 2.89 per cent 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 to our product range that will provide brokers with an even more competitive suite of products for their clients.”
