Scottish Widows Bank improve their professionals mortgage range
Scottish Widows Bank has lowered some of its fixed and tracker rates for Professionals looking for a mortgage.
The bank has improved its two-year fixed rate at 2.09% and it is now 1.99% (the overall cost for comparison is 3.79% APR) - it has a £999 arrangement fee.
The two-year tracker has also been lowered from 2.09% to 1.99% (the overall cost for comparison is 3.8% APR) and it has a £999 fee.
Borrowers will require a 40% deposit to qualify for these mortgages.
Aaron Strutt, product manager at Trinity Financial, says: "Scottish Widows has some of the lowest mortgage rates in the market and they also have a range of offset facilities. They are also keen to offer large mortgage loans and their standard variable rate is competitive at 3.99%."
You are typically considered to be a professional if you are 21 or over and a fully qualified, practicing and registered in one of the following professions:
- Accountant
- Actuary
- Barrister
- Dentist
- Engineer
- Medical doctor
- Optometrist
- Pharmacist
- Solicitor
- Teacher
- Vet
If you would like help to secure a best buy mortgage, call Trinity Financial on 020 7016 0790.
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