What do you want to know about our Flexible Mortgage?
Flexible Mortgage Interest Rates
The Scottish Widows Bank Flexible Mortgage offers consistently competitive rates of interest with a range of added benefits. And you have the added flexibility of a fixed rate, variable rate or a combination of both.
Maximum borrowing 75% of purchase price or valuation
Free offset available on all discount, tracker and 2 year fixed rate products.
| Mortgage Deal | Rates Applicable | The overall cost for comparison is | Booking Fee (fee added to loan) | Product Fee (fee added to loan) | Redemption Fee (added to loan on redemption of the mortgage) |
|---|---|---|---|---|---|
| * This Product is only available on borrowing up to £500,000. | |||||
| 2 Year Fixed Rate Up to 75% LTV |
6.20% fixed until 30 September 2010, changing to our Standard Variable Rate, currently 6.49% for the rest of the mortgage. | 6.6% APR | £2,499* | n/a | £195 |
| 2 Year Fixed Rate Up to 75% LTV |
6.79% fixed until 30 September 2010, changing to our Standard Variable Rate, currently 6.49% for the rest of the mortgage. | 6.8% APR | £499 | n/a | £195 |
| 3 Year Fixed Rate Up to 75% LTV |
6.29% fixed until 30 September 2011, changing to our Standard Variable Rate, currently 6.49% for the rest of the mortgage. | 6.6% APR | £1,999* | n/a | £195 |
| 3 Year Fixed Rate Up to 75% LTV |
6.65% fixed until 30 September 2011, changing to our Standard Variable Rate, currently 6.49% for the rest of the mortgage. | 6.7% APR | £499 | n/a | £195 |
| 5 Year Fixed Rate Up to 75% LTV |
5.95% fixed until 31 October 2013, changing to our Standard Variable Rate, currently 6.49% for the rest of the mortgage. | 6.4% APR | £1,999* | n/a | £195 |
| 5 Year Fixed Rate Up to 75% LTV |
6.15% fixed until 31 October 2013, changing to our Standard Variable Rate, currently 6.49% for the rest of the mortgage. | 6.5% APR | £499 | n/a | £195 |
| Base Rate Tracker Up to 75% LTV |
0.99% above base rate for 2 years giving a current rate of 5.99% (variable), changing to our Standard Variable Rate, currently 6.49% (variable) for the rest of the mortgage. | 6.6% APR | n/a | £1,499* | £195 |
| Base Rate Tracker Up to 75% LTV |
0.75% above base rate for 3 years giving a current rate of 5.75% (variable), changing to our Standard Variable Rate, currently 6.49% for the rest of the mortgage. | 6.5% APR | n/a | £2,499* | £195 |
| Term Base Tracker Up to 75% LTV |
1.39% above base rate for the term of the mortgage giving a current rate of 6.39% (variable). | 6.6% APR | n/a | £499 | £195 |
| 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. |
| 3 Year Tracker Rate (Variable Rate) |
Flexible/Professional | If the mortgage is repaid in full within the first 36 months, 2% of the amount of the mortgage taken at the outset will be charged. |
| Term 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. |
View interest rates for other Scottish Widows Bank products
