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.