Lending criteria

A comprehensive explanation of our lending criteria, including details of the mortgages appeals process.

Loan to value

The lending criteria and maximum loan to value (LTV) for all our mortgage products.

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Borrowing and mortgage term

The lending criteria for the amount of money borrowed, the mortgage term and any additional criteria that need to be met.

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Employment types

An explanation of Scottish Widows Bank's view of sustainable income, broken down by employment type and status.

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Foreign nationals

Mortgage applications from foreign nationals (including citizens of EU member states) are subject to restrictions on the maximum LTV available.

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Guarantors for younger applicants

We are happy to consider Professional Mortgage cases where parents are willing to provide a guarantee, if certain criteria are met.

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Large loans

Although Scottish Widows Bank has an appetite for larger loan sizes, these can be restricted in terms of loan to value.

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Residential borrowing

Where additional properties - whether buy to let or holiday homes - are in the background, restrictions may be placed on new borrowing.

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Repayment methods

An overview of Scottish Widows Bank's repayment methods, including interest only, repayment and part and part.

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Appeals process

If you wish to make an appeal against a judgement we have made, please follow our recognised procedure, detailed here.

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As part of the Lloyds Banking Group, Scottish Widows is proud to be an Official Provider of the London 2012 Olympic and Paralympic Games.

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Important Information about Scottish Widows

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Scottish Widows plc, registered in Scotland number 199549. Registered office in the United Kingdom at 69 Morrison Street, Edinburgh EH3 8YF. Telephone: 0131 655 6000. Scottish Widows plc is authorised and regulated by the Financial Services Authority. Our FSA register number is 191517.

Scottish Widows Unit Trust Managers Limited, registered in England and Wales number 1629925. Registered office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Telephone: 0845 300 2244. Scottish Widows Unit Trust Managers Limited is authorised and regulated by the Financial Services Authority. Our FSA register number is 122129.

Clerical Medical Investment Group Limited, registered in England and Wales number 3196171. Registered office in the United Kingdom at 33 Old Broad Street, London EC2N 1HZ. Authorised and regulated by the Financial Services Authority. Our FSA register number is 181655.

CMI Insurance Company Limited. Scottish Widows is a trading name of CMI Insurance Company Limited. CMI Insurance Company Limited, registered in Isle of Man number 33520. Registered office in the Isle of Man at Clerical Medical House, Victoria Road, Douglas, Isle of Man, IM99 1LT.

HBOS Investment Fund Managers Limited, registered in England number 941082. Registered office in the United Kingdom at Trinity Road, Halifax, West Yorkshire HX1 2RG. HBOS Investment Fund Managers Limited is authorised and regulated by the Financial Services Authority.

St Andrews Life Assurance plc, registered in England and Wales number 3104670. Registered office in the United Kingdom at 33 Old Broad Street, London EC2N 1HZ. Authorised and regulated by the Financial Services Authority. Our FSA register number is 189101.

Scottish Widows Bank plc, registered in Scotland no. 154554. Registered office in the United Kingdom at PO Box 12757, 67 Morrison Street, Edinburgh EH3 8YJ. Scottish Widows Bank plc is authorised and regulated by the Financial Services Authority. Our FSA register number is 201601. The main business of Scottish Widows Bank is arranging, entering into and administering mortgages and accepting deposits.

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