Good news or bad news – the choice is yours

Bank of Scotland is tomorrow adding to its large loan range with the launch of a 3 year fixed rate up to 60% LTV at 5.29% with a 0.25% fee with a maximum loan size of £10m.

I think this is the first time any mainstream lender has launched a product with a specified maximum loan in excess of £7.5m.

For anything in excess of this the rate and fee has always had to be negotiated with the lender on a case by case basis.

If the consumer press report this launch they have a classic good news, bad news choice of how to present it.

We could either see headlines of:

Bank of Scotland increase maximum loan size to £10m.


Bank of Scotland launch mortgage with a fee of up to £25,000.