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Scottish Widows Bank – Offset Two-Year Fixed Rate

Scottish Widows Bank

Offset Two-Year Fixed Rate

Type: Offset fixed rate mortgage

Fixed term: Until August 31, 2009

Fixed rate: 6.24%

Minimum loan: £30,000

Maximum loan: Up to 95% of valuation subject to a maximum of £400,000

Income multiples: Up to 4.5 times principal income plus second or four times joint

Conditions: Capital repayments of up to 10% a year allowed without penalty, free valuation up to £250, £300 cashback or free remortgage package

Flexible features: Overpayments, underpayments., payment holidays, lump sum withdrawals through mortgage reserve facility, interest calculated daily, offset facility

Arrangement fee: £1,450

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Tel: 0845 600 8910

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