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Professional and Flexible Mortgage Interest Rates
What interest rates are you looking for?
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Interest Rates effective from Friday 1st November 2019
We reserve the right to change our product rates at any time.
- Offset is available with all products
- interest only available up to 75% LTV, subject to evidence of an acceptable repayment plan
- for new build properties the maximum LTV is 85%
- for second homes the maximum LTV is 75%
- loans > £750,000 are subject to the following LTV restrictions:
- > £750,000 to £1m up to 85%
- > £1m to £2m up to 80%
- > £2m to £5m up to 70%.
- for interest rates available for borrowing over £1m, where product fees apply these are payable for each £3m of borrowing (e.g. for loans £1m to £2,999,999 one product fee is payable; for loans £3m to £5,999,999 two product fees are payable; maximum borrowing is currently £5 million).
YOUR CLIENT’S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE.
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2 Year Fixed Rates for borrowing up to and including £1 million
Loan to Value Initial Rate fixed until 28th february 2022 Reverting to our Standard Variable Rate thereafter Product fee Up to 60% 1.59% Currently 4.24% £999 Up to 75% 1.69% Currently 4.24% £999 Up to 80% 1.79% Currently 4.24% £999 Up to 85% 1.79% Currently 4.24% £999 Up to 90% 2.41% Currently 4.24% £999 5 Year Fixed Rates for borrowing up to and including £1 million
Loan to Value Initial Rate fixed until 28th february 2025 Reverting to our Standard Variable Rate thereafter Product Fee Up to 60%
1.99%
Currently 4.24%
£999
Up to 75%
2.09%
Currently 4.24%
£999
Up to 80%
2.24% Currently 4.24% £999 Up to 85%
2.24%
Currently 4.24%
£999
Up to 90%
3.34%
Currently 4.24%
£999
2 Year Variable Rates for borrowing up to and including £1 million
Loan to Value Initial Rate Followed by our Standard Variable Rate Product Fee Up to 60% 0.74% above Bank of England base rate for 2 years giving a current rate of 1.49% (variable) Currently 4.24% £999 Up to 75% 0.84% above Bank of England base rate for 2 years giving a current rate of 1.59% (variable) Currently 4.24% £999 Early Repayment Charges may apply.
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2 Year Fixed Rates for borrowing between £1,000,001 and £2 million
Loan to Value Initial Rate fixed until 28th february 2022 Reverting to our Standard Variable Rate thereafter Product Fee Up to 60% 1.64% Currently 4.24% £1,499 Up to 75% 1.84% Currently 4.24% £1,499 Up to 80% 2.54% Currently 4.24% £1,499 5 Year Fixed Rates for borrowing between £1,000,001 and £2 million
Loan to Value Initial Rate fixed until 28th february 2025 Reverting to our Standard Variable Rate thereafter Product Fee Up to 60%
2.09%
Currently 4.24%
£1,499
Up to 75%
2.24%
Currently 4.24%
£1,499
Up to 80%
2.69%
Currently 4.24%
£1,499
Early Repayment Charges may apply.
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2 Year Fixed Rates for borrowing greater than £2 million
Loan to Value Initial Rate fixed until 28th february 2022 Reverting to our Standard Variable Rate thereafter Product Fee Up to 60% 1.74% Currently 4.24% £2,999 Up to 70% 1.94% Currently 4.24% £2,999 5 Year Fixed Rates for borrowing greater than £2 million
Loan to Value Initial Rate fixed until 28th february 2025 Reverting to our Standard Variable Rate thereafter Product Fee Up to 60% 2.14% Currently 4.24% £2,999 Up to 70% 2.39% Currently 4.24% £2,999 -
House purchase Early Repayment Charges
With a fixed rate mortgage, up to 10% of the loan balance may be repaid once a year without an early repayment charge. With a variable rate mortgage (not including our Standard Variable Rate) there are no early repayment charges unless overpayments take the outstanding balance below £100, or pay off the mortgage completely. Where early repayment charges do apply, the following table shows our current charging structure for the different products available.
Product Early repayment Charges Two Year Fixed Rates 2% of the chargeable balance* being repaid until the 12th payment has been made, followed by 1% for the remaining term of the fixed rate. Five Year Fixed Rate 5% of the chargeable balance* being repaid until the 12th payment has been made, followed by 4% between the 12th and 24th payments, followed by 3% between the 24th and 36th payments, followed by 2% between the 36th and 48th payments, followed by 1% for the remaining term of the fixed rate. Two Year Variable Rate 2% of the chargeable balance* being repaid until the 12th payment has been made, followed by 1% for the remaining term of the variable rate. Standard Variable Rate No early repayment charges apply *For fixed rate products the 'chargeable balance' is any amount repaid that exceeds 10% of the outstanding mortgage balance at the time of the repayment, or the full amount being repaid if a repayment has already been made in the same year. For variable rate products, the 'chargeable balance' is the full amount of mortgage taken on the variable rate product at the outset.
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Interest Rates effective from Friday 18th November 2019
We reserve the right to change our product rates at any time.
- our remortgage package is available with all products
- Offset is available with all products
- for remortgages with a capital raise the maximum LTV is 85%
- interest only available up to 75% LTV, subject to evidence of an acceptable repayment plan
- loans > £750,000 are subject to the following LTV restrictions:
- > £750,000 to £1m up to 85%
- > £1m to £2m up to 80%
- > £2m to £5m up to 70%.
YOUR CLIENT’S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE.
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2 Year Fixed Rates for borrowing up to and including £1 million
Loan to Value Initial Rate fixed until 28th february 2022 Reverting to our Standard Variable Rate thereafter Product Fee Up to 60% 1.25% Currently 4.24% £999 Up to 75% 1.63% Currently 4.24% £999 Up to 80% 1.79% Currently 4.24% £999 Up to 85% 1.84% Currently 4.24% £999 Up to 90% 2.74% Currently 4.24% £999 5 Year Fixed Rates for borrowing up to and including £1 million
Loan to Value Initial Rate fixed until 28th february 2025 Reverting to our Standard Variable Rate thereafter Product Fee Up to 60% 1.54% Currently 4.24% £999 Up to 75% 1.90% Currently 4.24% £999 Up to 80% 2.19% Currently 4.24% £999 Up to 85% 2.24% Currently 4.24% £999 2 Year Variable Rates for borrowing up to and including £1 million
Loan to Value Initial Rate Reverting to our Standard Variable Rate thereafter ProDUct fee Up to 60% 0.72% above Bank Of England base rate for two years giving a current rate of 1.47% Currently 4.24% £999 Up to 75% 0.78% above Bank Of England base rate for two years giving a current rate of 1.53% Currently 4.24% £999 Early Repayment Charges may apply.
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2 Year Fixed Rates for borrowing between £1,000,001 and £2 million
Loan to Value Initial Rate fixed
until
28th february 2022Reverting to our Standard Variable Rate thereafter Product fee* Up to 60% 1.65% Currently 4.24% £1,499 Up to 75% 1.71% Currently 4.24% £1,499 Up to 80% 1.87% Currently 4.24% £1.499 5 Year Fixed Rates for borrowing between £1,000,001 and £2 million
Loan to Value Initial Rate fixed until 28th february 2025 Reverting to our Standard Variable Rate thereafter Product fee Up to 60% 1.88% Currently 4.24% £1,499 Up to 75% 1.94% Currently 4.24% £1,499 Up to 80% 2.23% Currently 4.24% £1,499 Early Repayment Charges may apply.
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2 Year Fixed Rates for borrowing more than £2 million
Loan to Value Initial Rate fixed until 28th february 2022 Reverting to our Standard Variable Rate thereafter Product fee Up to 60% 1.69% Currently 4.24% £2,999 Up to 70% 1.99% Currently 4.24% £2,999 5 Year Fixed Rates for borrowing more than £2 million
Loan to Value Initial Rate fixed until 28th february 2025 Reverting to our Standard Variable Rate thereafter Product fee Up to 60% 2.07% Currently 4.24% £2,999 Up to 70% 2.19% Currently 4.24% £2,999 -
With a fixed rate mortgage, up to 10% of the loan balance may be repaid once a year without an Early Repayment Charge. Where Early Repayment Charges apply, the following table shows our current charging structure for the different products available.
Product Early repayment Charges Two Year Fixed Rates 2% of the chargeable balance* being repaid until the 12th payment has been made, followed by 1% for the remaining term of the fixed rate. Five Year Fixed Rate 5% of the chargeable balance* being repaid until the 12th payment has been made, followed by 4% between the 12th and 24th payments, followed by 3% between the 24th and 36th payments, followed by 2% between the 36th and 48th payments, followed by 1% for the remaining term of the fixed rate. Two Year Variable Rate 2% of the chargeable balance* being repaid until the 12th payment has been made, followed by 1% for the remaining term of the variable rate. Standard Variable Rate No early repayment charges apply
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Interest Rates effective from Friday 2nd December 2019.
We reserve the right to change our product rates at any time.
- All rates exclusively available to existing customers.
- Rates available up to 120% Loan to Value.
- Offset available at no extra cost.
- Early Repayment Charges apply.
YOUR CLIENT’S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE.
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2 Year Fixed Rates for mortgage balances up to £1 million
Loan to Value Initial Rate fixed until 30th april 2022 Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee Up to 60% 1.74% Currently 4.24% 3.6% APRC £749 Up to 60% 1.99% Currently 4.24% 3.6% APRC No fee Up to 75% 1.79% Currently 4.24% 3.6% APRC £749 Up to 75% 2.04% Currently 4.24% 3.6% APRC No fee Up to 80% 2.34% Currently 4.24% 3.7% APRC £749 Up to 80% 2.49% Currently 4.24% 3.7% APRC No fee Up to 85% 2.34% Currently 4.24% 3.7% APRC £749 Up to 85% 2.49% Currently 4.24% 3.9% APRC No fee Up to 120% 2.84% Currently 4.24% 3.9% APRC £749 Up to 120% 3.39% Currently 4.24% 3.9% APRC No fee 5 Year Fixed Rates for mortgage balances up to £1 million
Loan to Value Initial Rate fixed until 30th april 2025 Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee Up to 60% 2.19% Currently 4.24% 3.2% APRC £749 Up to 60% 2.24% Currently 4.24% 3.1% APRC No fee Up to 75% 2.29% Currently 4.24% 3.3% APRC £749 Up to 75% 2.39% Currently 4.24% 3.3% APRC No fee Up to 80% 2.59% Currently 4.24% 3.4% APRC £749 Up to 80% 2.64% Currently 4.24% 3.4% APRC No fee Up to 85% 2.59% Currently 4.24% 3.5% APRC £749 Up to 85% 2.64% Currently 4.24% 3.5% APRC No fee Up to 120% 3.59% Currently 4.24% 3.9% APRC £749 Up to 120% 3.74% Currently 4.24% 3.9% APRC No fee Early Repayment Charges may apply.
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2 Year Fixed Rates for mortgage balances £1,000,001 to £2 million
Loan to Value Initial Rate fixed until 30th april 2022 Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee Up to 60% 1.87% Currently 4.24% 3.5% APRC £1,249 Up to 75% 1.92% Currently 4.24% 3.5% APRC £1,249 Up to 80% 2.34% Currently 4.24% 3.7% APRC £1,249 Up to 85% 2.34% Currently 4.24% 3.6% APRC £1,249 Up to 120% 2.84% Currently 4.24% 3.8% APRC £1,249 5 Year Fixed Rates for mortgage balances £1,000,001 to £2 million
Loan to Value INITIAL RATE FIXED UNTIL 30th april 2025 Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee Up to 60% 2.19% Currently 4.24% 3.5% APRC £1,249 Up to 75% 2.44% Currently 4.24% 3.3% APRC £1,249 Up to 80% 2.44% Currently 4.24% 3.4%APRC £1,249 Up to 85% 2.44% Currently 4.24% 3.6% APRC £1,249 Up to 120% 3.59% Currently 4.24% 3.9% APRC £1,249 Early Repayment Charges may apply.
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2 Year Fixed Rates for mortgage balances greater than £2 million
Loan to Value Initial Rate fixed until 30th april 2022 Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee* Up to 60% 1.87% Currently 4.24% 3.5% APRC £2,499 Up to 75% 1.92% Currently 4.24% 3.5% APRC £2,499 Up to 80% 2.34% Currently 4.24% 3.7% APRC £2,499 Up to 85% 2.34% Currently 4.24% 3.6% APRC £2,499 Up to 120% 2.84% Currently 4.24% 3.8% APRC £2,499 5 Year Fixed Rates for mortgage balances greater than £2 million
Loan to Value Initial Rate fixed until 30th april 2025 Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee* Up to 60% 2.19% Currently 4.24% 3.5% APRC £2,499 Up to 75% 2.44% Currently 4.24% 3.5% APRC £2,499 Up to 80% 2.44% Currently 4.24% 3.7% APRC £2,499 Up to 85% 2.44% Currently 4.24% 3.6% APRC £2,499 Up to 120% 3.59% Currently 4.24% 3.9% APRC £2,499 Early Repayment Charges may apply.
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With a fixed rate mortgage, up to 10% of the loan balance may be repaid once a year without an Early Repayment Charge. Where Early Repayment Charges apply, the following table shows our current charging structure for the different products available.
Product Early repayment Charges Two Year Fixed Rates 2% of the chargeable balance* being repaid until the 12th payment has been made, followed by 1% for the remaining term of the fixed rate. Five Year Fixed Rate 5% of the chargeable balance* being repaid until the 12th payment has been made, followed by 4% between the 12th and 24th payments, followed by 3% between the 24th and 36th payments, followed by 2% between the 36th and 48th payments, followed by 1% for the remaining term of the fixed rate. Two Year Variable Rate 2% of the chargeable balance* being repaid until the 12th payment has been made, followed by 1% for the remaining term of the variable rate. Standard Variable Rate No early repayment charges apply *For fixed rate products the 'chargeable balance' is any amount repaid that exceeds 10% of the outstanding mortgage balance at the time of the repayment, or the full amount being repaid if a repayment has already been made in the same year.
It is our belief that consistency of rates is important when choosing a product and should form a major part of the decision-making process.
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- A fixed-rate option is available as part or all of the main mortgage.
- A booking fee may apply. Mortgage fees can be paid up front (prior to offer) or rolled up (added to the loan on completion).
- Interest is calculated on a daily basis.
- An overpayment of up to 10% of the loan balance may be repaid once a year, without an early repayment charge.
- If your client decides to move house during any period where an early repayment charge (ERC) is payable, we will carry the rate forward on the outstanding balance and waive the ERC if they arrange the new mortgage with Scottish Widows Bank, subject to our lending criteria. Purchase of the new property must complete within 90 calendar days of the sale of the existing property. Where completion dates are not simultaneous the ERC would be payable on completion of the sale and refunded on completion of the subsequent purchase.
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- A choice of variable rates is available on part or all of the main mortgage.
- An arrangement fee may apply. Mortgage fees can be paid up front (prior to offer) or rolled up (added to the loan amount on completion).
- Interest is calculated on a daily basis.
- If your client decides to move house during any period where an early repayment charge (ERC) is payable, we will carry the rate forward on the outstanding balance and waive the ERC if they arrange the new mortgage with Scottish Widows Bank, subject to our lending criteria. Purchase of the new property must complete within 90 calendar days of the sale of the existing property. Where completion dates are not simultaneous the ERC would be payable on completion of the sale and refunded on completion of the subsequent purchase.
- Overpayments can be made at any time without an early repayment charge as long as the final balance doesn’t fall below £100.
- 'Switch & Fix'. This means customers on a variable rate can switch without penalty to a new fixed rate, subject to assessment. Any applicable fixed rate booking fee would be payable, but no early repayment charge would be applied for early withdrawal from the variable rate product.