Product Details:
Both of the following products are available on loans from £250,000.
• A two-year tracker at 4.84 per cent (Bank of Scotland Base Rate -0.41 per cent) for 0-90 per cent LTV with an arrangement fee of £2,499. This product carries an early repayment charge of 3 per cent to 30 April 2009.
• A two-year tracker at 5.05 per cent (Bank of Scotland Base Rate -0.20 per cent) for 0-90 per cent LTV with an arrangement fee of £1,199. This product carries an early repayment charge of 3 per cent to 30 April 2009.
All applications for loans from £500,000 continue to be handled by Bank of Scotland’s Premier Team based in Edinburgh. A senior underwriter is assigned to each application, who supports the intermediary in a variety of ways throughout the application process. Any complex large loan applications can also be individually underwritten at the bank’s specialist intermediary mortgage centre in Edinburgh.
All products are available with the Bank of Scotland Remortgage package, which includes no charge for the property valuation or legal fees when Bank of Scotland instructs the valuers and conveyancers from their panel.
John Lloyd, head of sales at Bank of Scotland Mortgages, said: “These new additions to our Large Loan Remortgage range will ensure that we continue to offer incredible choice and flexibility to the clients of the brokers we work with.”
