- Lifetime tracker option on the Graduate Mortgage
- 3 year Fixed Rate on the Flexible, Graduate and Professional mortgages
- 4 year Discount on the Flexible, Graduate and Professional mortgages
Gordon Bowden, Business Development Director with Scottish Widows Bank says: “A wider selection of interest rate options on our innovative products provides even more flexibility and allows borrowers to tailor mortgage payments to suit their individual circumstances. Our extended range of options demonstrates our ongoing commitment to continually meeting the demands of the modern consumer.”
Lifetime tracker with two year discount
Mr Bowden continued: “The addition of the lifetime tracker option builds on its successful introduction to our Flexible and Professional mortgages last year. There is a real demand for this type of product and we are delighted to extend it to our Graduate Mortgage customers.”
Year Rate*
Year 1 (0.25% discount) 5.50%
Year 2 (0.25% discount) 5.50%
Year 3 onwards 5.75%
*Tracks the base rate + 1%
Three year fixed rate
Mr Bowden added: “With consumer uncertainty over interest rates, fixed rates are increasingly popular solution for many borrowers who are reluctant to tie-in to long term deals.”
LTV Rate
Up to 90% 4.99%
Over 90% 5.49%
Four year discount
An offset facility is available on the Flexible and Professional mortgages with this option.
Year Rate*
Year 1 (0.5% discount) 5.59%
Year 2 (0.5% discount) 5.59%
Year 3 (0.5% discount) 5.59%
Year 4 (0.25% discount) 5.84%
*Discount off the bank’s Standard Variable Rate
