Limited offer on BoS self-cert mortgages

Bank of Scotland Mortgages has introduced limited offers on two of its fixed rate self-cert mortgages.

It is now offering a rate of 5.15% on its two-year fixed rate product to 85% LTV. The rate applies until December 31 2007 and then reverts back to the Bank of England base rate plus 1.99%.

It is available on loans of between 25,000 and 500,000 for purchases completed before April 30 2006.

Bank of Scotlands two-year remortgage product is fixed at 5.35% until December 31 2007, which includes free valuation and legal fees.

This is available on loans up to 85% LTV and will revert back to a Bank base rate plus 1.99%. There is no charge for a lender property valuation or for any legal fees in connection with the remortgage transaction.

Catherine More, head of Bank of Scotland products, says: “The self-cert market is growing at a steady rate, so it is important intermediaries have the choices available to help them meet the needs of their customers. These are just two of the products in our extended self-cert range, which also features new reduced fixed rates, two-year trackers and term trackers.

“Brokers know they can expect great service from us, but our self-cert range along with these offers will reinforce our own proposition further, and in turn make the intermediaries we work with stand out from the crowd.”