Scottish Widows Bank – new products announced, including Professional range

Scottish Widows Bank have announced they are making changes to their Professional and Flexible mortgage product range.

All Fixed rate end dates are being extended to 31 August 2015 for 2 year products, and 31 August 2018 for 5 year products.

Professional product range

New 3.24%, 75.01% to 80% LTV, 2 Year Fixed Rate
New 3.94%, 80.01% to 85% LTV, 2 Year Fixed Rate
New 4.94%, 85.01% to 90% LTV, 2 Year Fixed Rate

Flexible product range

New 2.44%, up to 60% LTV, 2 Year Fixed Rate
New 3.04%, 60.01% to 75% LTV, 2 Year Fixed Rate
New 3.64%, 75.01% to 80% LTV, 2 Year Fixed Rate
New 4.24%, 80.01% to 85% LTV, 2Year Fixed Rate

All the above products are available on a Repayment basis only, and have a £1499 lenders arrangement fee, which can be added to the mortgage loan.