The Bank of Scotland Offshore is launching two mortgages aimed at expatriates, overseas nationals and international investors wanting to take advantage of the UK's current low interest rates.
The residential mortgage is targeted at expatriates, it offers a variable rate of 6.69 per cent and is available on loans up to 80 per cent loan to value.
The investment mortgage is designed for the buy-to-let market. The interest rate is 2 per cent above the bank's base rate which is currently 5 per cent for loans up to 80 per cent LTV.
There is a procuration fee of £250 payable to IFAs.