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Scottish BS re-enters two-year fixed market

Scottish Building Society has re-entered the two-year fixed rate mortgage market, according to the lender.

The firm has marked its re-entrance to the market by launching two two-year fixed rate mortgage products.

An 80 per cent LTV two-year fix at 2.49 per cent has been launched.

In addition, the lender has added an 80 per cent LTV two-year discount product with an initial rate of 1.89 per cent.

Both products are available for properties in Scotland, have a £995 fee and are available to intermediaries and directly.

Scottish Building Society head of business development and sales strategy Paul Alexander says: “We are pleased to be re-entering the two-year market with these products.

“Our individual underwriting and flexible approach means we may be able to lend when mainstream lenders cannot and I would urge brokers who have not considered using the Scottish in the past to get in touch.”

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