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Scottish Widows cuts standard variable rate mortgage

Scottish Widows Bank is reducing its standard variable mortgage rate to 7.49 per cent from 7.99 per cent.


It says this rate will be available with its 80 per cent LTV Flexible Mortgage and 110 per cent Professional Mortgage.


Managing director Rob Golbourn says: &#34Our variable rate has been recognised as consistently lower than most lenders in the market place.


&#34We believe we have a place in the market where we are recognised for the transparency of our products and consistency of our interest rate policy.&#34

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