It has revamped two existing products and added two to its range.
Products added:
- A three-year tracker at Bank of Scotland Base Rate +0.59 per cent is also available on loans of up to 85 per cent loan to value (LTV) with an initial rate of 5.09 per cent. This incurs no arrangement fee.
- A term tracker at Bank of Scotland Base Rate +0.65 per cent is available on loans of up to 85 per cent LTV and carries an initial rate of 5.15 per cent. The arrangement fee is 0.5 per cent of the loan.
The revamped products are:
- Two-year tracker at Bank of Scotland Base Rate of +0.39 per cent is available on loans of up to 85 per cent LTV. It carries the rate of 4.89 per cent and has a reduced arrangement fee of £699.
- Three-year remortgage service tracker at Bank of Scotland Base Rate +0.49 per cent is available for loans up to 85 per cent LTV at an initial rate of 4.99 per cent. This also has an arrangement fee of £699.
Charles Haresnape, managing director of Bank of Scotland Mortgages, said: “The self-cert market is still growing at a steady rate, and it is therefore important that intermediaries have a wide range of choices available to help them meet the various needs of their customers. These new products further enhance our large range of self-certification mortgages ensuring our brokers are able to select the right product for their client. Our flexible approach to underwriting also means we look at each mortgage application on an individual basis, and we have particular expertise in processing complex cases so intermediaries can benefit from the skills of our trained underwriters and efficient application process.”
