Scottish Widows Bank cuts remortgage rates

Scissors-Cut-Tailor-Measure-Measurement-700.jpg

Scottish Widows Bank has today cut fees on a range of remortgage products, including the option to offset.

The lender’s two- and five-year fixed rates with a fee of £1499 have been cut to £999, with rates as low as 1.29 per cent for a 60 LTV loan.

Selected products are available for both Professional and Flexible mortgages at the same rate, for a limited period only.

Scottish Widows Bank managing director Martin Fleming says: “Helping brokers continue to meet the needs of clients by offering the flexibility off offsetting built-in helps borrowers save money by remortgaging whilst maintaining a cash reserve –without having to choose between competitive rates and offset.”