Scottish Widows Bank (SWB) has increased its loan to value (LTV) range from 85 per cent to 90 per cent LTV on its flexible mortgage range.
To support this change SWB has introduced a new 2-year fixed 90 per cent LTV mortgage product to its flexible mortgage range. The product is available direct and through intermediaries and is designed for borrowers with a 10 per cent deposit.
Product details:
- 90 per cent LTV, 2 year fixed rate flexible mortgage at 5.39 per cent with a £999 fee
In addition, Scottish Widows Bank has now extended its eligibility criteria for professional mortgages to now also include trainee accountants and trainee actuaries.
Mike Jones, Managing Director of Scottish Widows Bank said, “There is a clear requirement for niche products such as professional and offset mortgages. A segment of the home buying public that has specific requirements from their mortgage and we are pleased to be able to support through competitive rates and by extending our eligibility criteria.”
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