Scottish Widows Bank has trimmed rates on its remortgage deals and widened its product range.
Rates on professional and flexible two-year fixed rate remortgages up to 50 per cent loan-to-value (LTV) have been reduced to 1.14 per cent, while those on 50 to 60 per cent LTVs down to 1.19 per cent.
Both products have been cut by 0.05 percentage points and come with a £749 fee.
The lender has also split the 50 to 75 per cent LTV band on five-year fixes into 50 to 60 per cent at 1.79 per cent and 60 to 75 per cent LTV at 1.99 per cent, both with a £749 fee.
Rates on the 0 to 50 per cent LTV products have been trimmed by 0.06 percentage points to 1.69 per cent with a £749 fee.
All of the mortgages come with the facility to offset as standard.
Martin Fleming, managing director of Scottish Widows Bank, said: “With a wave of borrowers whose current mortgage deals are expected to come to an end in the coming months, it is the ideal time for brokers to demonstrate the value of their advice.
“In times of change, advisers need to make sure their clients are prepared. By remortgaging to a Scottish Widows Bank offset product, they can access a competitive mortgage rate, reduce the balance they pay interest on with savings and have instant access to that cash should their circumstances change.”
Mike Richards, director at London-based Mortgage Concepts Associates, said: “The rates are very good and very usable. Offsetting is very useful, and at that rate on a fixed rate deal it is superb.”