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.