View more on these topics

Bank of Scotland re-vamps self-cert range

Bank of Scotland Mortgages is introducing new rates across its fixed, tracker and remortgage offerings.

The move strengthens its proposition for brokers dealing with a growing self-employed market.

The two year tracker is at Bank of Scotland base rate +0.39%. This is available on loans of up to 85% LTV and carries an initial rate of 4.89%. There is an early repayment charge of 5% over the product period and an arrangement fee of 999.

The two-year fixed rate of 5.19%. Again the rate is available for loans of up to 85% LTV, carries an ERC of 5% over the product period and an arrangement fee of 999 is applicable.

For remortgage customers, there is a three year tracker at Bank of Scotland base rate +0.49% has been introduced. This product is available on loans of up to 75% LTV at an initial rate of 4.99%. There is an arrangement fee of 699 and an ERC of 5% over the product period applies. The remortgage product also includes a free property assessment and BOS will pay for the standard conveyancing work in connection with the mortgage transaction.

Charles Haresnape, managing director of Bank of Scotland Mortgages, says:
We understand self-employed clients very well. Flexibility is a key driver for them when choosing financial products, and good rates and added value services are also key factors.”

“These most recent changes reflect our ongoing commitment to ensuring self-certification customers have access to products that truly meet their needs.

Recommended

Adviser bought

Compass Finance has bought debt advisory service The Debt Advisor.

GHL Group begins series of AR dinners

Guaranteed and Genesis Home Loans have begun a series of appointed representative dinners which will run monthly over the remainder of the year at venues throughout the country. The events have been planned to help enhance the working relationship between GHL and its members.They will also offer ARs the chance to meet with a number […]

BDM for InterBay

InterBay Funding has appointed another business development manager. Jamie Breathwick joins from the Royal Bank of Scotland Group where he was a BDM for four years.

Consumers dance but must face the music

“There may be trouble ahead,” crooned Frank Sinatra, and in a less succinct way this was the song being sung by Mervyn King last week.

thimbnail

Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.

Newsletter

News and expert analysis straight to your inbox

Sign up