Professional Mortgage

One of the strongest features of the Scottish Widows Bank Professional Mortgage is the consistently competitive interest rates. And you have the added flexibility of a fixed rate, variable rate or a combination of both.

Maximum borrowing 90% of purchase price or valuation.

Free offset available on all 2 year fixed and variable rate products.

Interest Rates effective from 18 January 2010 

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*	4.39% fixed until 31 March 2012, changing to our Standard Variable Rate, currently 3.99% for the rest of the mortgage.	4.1% APR	£999	n/a	£195
2 Year Fixed Rate Up to 75% LTV	4.79% fixed until 31 March 2012, changing to our Standard Variable Rate, currently 3.99% for the rest of the mortgage.	4.2% APR	n/a	n/a	£195
2 Year Fixed Rate Up to 85% LTV	5.99% fixed until 31 March 2012, changing to our Standard Variable Rate, currently 3.99% for the rest of the mortgage.	4.5% APR	n/a	n/a	£195
2 Year Fixed Rate Up to 90% LTV	6.99% fixed until 31 March 2012, changing to our Standard Variable Rate, currently 3.99% for the rest of the mortgage.	4.7% APR	n/a	n/a	£195
2 Year Tracker Rate Up to 60% LTV*	2.39% above Bank of England base rate for 2 years giving a current rate of 2.89% (variable), changing to our Standard Variable Rate, currently 3.99% (variable) for the rest of the mortgage.	3.9% APR	n/a	£999	£195
2 Year Tracker Rate Up to 60% LTV	2.89% above Bank of England base rate for 2 years giving a current rate of 3.39% (variable), changing to our Standard Variable Rate, currently 3.99% (variable) for the rest of the mortgage.	4.0% APR	n/a	n/a	£195
2 Year Tracker Rate Up to 75% LTV*	2.79% above Bank of England base rate for 2 years giving a current rate of 3.29% (variable), changing to our Standard Variable Rate, currently 3.99% (variable) for the rest of the mortgage.	3.9% APR	n/a	£999	£195
2 Year Tracker Rate Up to 75% LTV	3.39% above Bank of England base rate for 2 years giving a current rate of 3.89% (variable), changing to our Standard Variable Rate, currently 3.99% (variable) for the rest of the mortgage.	4.1% APR	n/a	n/a	£195
2 Year Tracker Rate Up to 85% LTV	4.39% above Bank of England base rate for 2 years giving a current rate of 4.89% (variable), changing to our Standard Variable Rate, currently 3.99% (variable) for the rest of the mortgage	4.2% APR	n/a	n/a	£195
2 Year Tracker Rate Up to 90% LTV	5.29% above Bank of England base rate for 2 years giving a current rate of 5.79% (variable), changing to our Standard Variable Rate, currently 3.99% (variable) for the rest of the mortgage	4.4% APR	n/a	n/a	£195
Base Rate Term Tracker Up to 75% LTV*	3.89% above Bank of England base rate for the term of the mortgage, giving a current rate of 4.39% (variable).	4.5% APR	n/a	£999	£195
Base Rate Term Tracker Up to 85% LTV*	4.49% above Bank of England base rate for the term of the mortgage, giving a current rate of 4.99% (variable).	5.1% APR	n/a	£999	£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.
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