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Scottish Widows Bank extends interest rate options

Scottish Widows Bank extends the range of interest rate options available on its mortgages.

It has introduced a lifetime tracker option on the graduate mortgages, a three year fixed rate on the flexible, graduate and professional mortgages and a four year discount on teh flexible, graduate and professional mortgages.

The life time tracker with two year discount is available in year one and two at 5.5 per cent with 0.25 per cent discount, and year three onwards at 5.75 per cent.

The three year fixed rates are available up to 90 per cent LTV at 4.99 per cent and over 90 per cent LTV at 5.49 per cent.

The four year discount is priced for the first three years at 0.5 per cent discount at a rate of 5.59 per cent and for the fourth year with a 0.25 per cent discount at 5.84 per cent.

Scottish Widows Bank business development director Gordon Bowden says: “A wider selection of interest rate options on our innovative products provides even more flexibility and allows borrowers to tailor mortgage payments to suit their individual circumstances.”

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