Professional Mortgage

What do you want to know about our Professional Mortgage?

Professional Mortgage Interest Rates

The Scottish Widows Bank Professional Mortgage has a range of features and benefits which make it a very flexible option for professionals.

You could borrow up to 90% 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.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.


Interest Rates effective from Thursday 10 May 2012

We reserve the right to change our product rate at any time.

2 Year Fixed Rates
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
  • All products available for house purchase only.
  • Offset is available on all 2 Year Fixed Rate products.
  • All products have a £195 Redemption Fee which is added to loan on redemption of the mortgage.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Up to 75% 4.19% fixed until 31 July 2014 3.99% for the rest of the mortgage 4.1% APR £999 Repayment* or
Interest Only**
*£1,000,000
**£500,000
Up to 85% 5.29% fixed until 31 July 2014 3.99% for the rest of the mortgage 4.3% APR £999 Repayment £1,000,000
Up to 90% 6.39% fixed until 31 July 2014 3.99% for the rest of the mortgage 4.6% 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