The Scottish Widows Bank Flexible Mortgage has a range of features and benefits.
You could borrow up to 85% of the purchase price or valuation (subject to lending criteria) and free offset – which could help you pay off your mortgage sooner or reduce your monthly mortgage payments – available on all 2 year fixed rate products.
Early Repayment Charges apply during discounted / fixed periods.
If you're unsure what mortgage would best suit your needs you should seek independent financial advice.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. |
We reserve the right to change our product rate at any time.
| Loan to Value | Initial Rate | Followed by our Standard Variable Rate, currently | The overall cost for comparison is | Booking Fee (added to loan) | Repayment Method | Maximum Loan |
|---|---|---|---|---|---|---|
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. |
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| Up to 75% | 4.39% fixed until 31 July 2014 | 3.99% for the rest of the mortgage | 4.2% APR | £999 | Repayment | £1,000,000 |
| Up to 75% | 4.39% fixed until 31 July 2014 | 3.99% for the rest of the mortgage | 4.1% APR | £999 | Interest Only | £500,000 |
| Up to 85% | 5.49% fixed until 31 July 2014 | 3.99% for the rest of the mortgage | 4.4% APR | £999 | Repayment | £1,000,000 |
| Early repayment charges | ||
| Mortgage Type | Early Repayment Charge | |
|---|---|---|
| Fixed Rate | Flexible/Professional | Up to 10% of the loan balance may be repaid once a year by cheque, without an early repayment charge. If any extra payments are made to the mortgage account prior to the expiry of the fixed rate period, a charge equal to 3% of the amount of the extra payments will be payable. Extra payments include repayment of the mortgage in full. |
| 2 Year Tracker Rate (Variable Rate) |
Flexible/Professional | If the mortgage is repaid in full within the first 24 months, 2% of the amount of the mortgage taken at the outset will be charged. |
| Base Rate Term Tracker (Variable Rate) |
Flexible/Professional | If the mortgage is repaid in full within the first 24 months, 2% of the amount of the mortgage taken at the outset will be charged. |
View interest rates for other Scottish Widows Bank products
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