Investec and Scottish Widows target professionals

Investec Professional Mortgages and Scottish Widows Bank have launched new and improved mortgage propositions specifically targeting professionals, such as accountants, dentists, vets and solicitors. Investec have added their new lending arm to cover all aspects of the mortgage market. For those with limited accounts or credit issues they have Kensington Mortgages. They also have options for professionals wanting larger mortgages and a private banking department. Aaron Strutt, a broker at Trinity Financial, says: “Scottish Widows have targeted professionals for many years and to improve lending figures there are now topping some of the mortgage best buy tables. “Scottish Widows will lend on an interest-only basis and they have a good range of offset mortgages. They will offer five times income to professionals earning at least £50,000 a year.” February 22, 2013