View more on these topics

Scottish Widows Bank – Two Year Fixed Rate Offset Mortgage

Scottish Widows Bank

Two Year Fixed Rate Offset Mortgage

Type: Fixed-rate offset mortgage

Fixed term: Until October 31, 2008

Fixed rate: Up to 95% of valuation – 5.45%, above 95% 5.99%

Minimum loan: £30,000

Maximum loan: Flexible mortgage scheme – up to 90% of valuation subject to no maximum, professional mortgage scheme – up to 110% of valuation subject to no maximum

Income multiples: Flexible mortgage scheme – up to 4.5 time principal income plus second or four times joint, professional mortgage scheme up to five times principal income plus second or four times joint

Flexible features: Overpayments, payment holidays through mortgage reserve account, interest calculated daily

Conditions: Capital repayments of up to 10% a year allowed without penalty
Arrangement fee: £495 for loans up to 74.9% of valuation, £595 for loans of 75% of valuation and above

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

Introducer’s fee: 0.45% of the original loan

Tel: 0845 845 0110

Recommended

FSA action against mortgage broker

The FSA has ordered a mortgage adviser to stop carrying out regulated activities for failing to organise and control his business responsibly and effectively.The regulator says it took action after receiving information from a lender that it had removed the adviser, Paramjit Singh Bali, from its panel due to concerns about mortgage applications submitted to […]

PruHealth takes £30m in its first two years

PruHealth has pulled in £30m of new business two years since launching into the UK market. The private medical insurance provider now has 80,000 UK policyholders, 85 per cent of which were intermediary-based sales. Pru says its strategy of rewarding people for looking after their health, such as reducing premiums for clients who go to […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment