Professional Mortgage Interest Rates
The Scottish Widows Bank Professional Mortgage has a range of features and benefits which make it a very flexible option for professionals. And, you can choose whether you’d like a fixed rate, variable rate or a combination of both.
You could borrow up to 90% of the purchase price or valuation (subject to lending criteria) and free offset - which could help you pay off your mortgage sooner or reduce your monthly mortgage payments – is also available on all 2 year fixed and all variable rate products.
Early Repayment Charges apply during discounted / fixed periods.
If you're unsure what mortgage would best suit your needs you should seek independent financial advice.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Interest Rates effective from Monday 6 February 2012
We reserve the right to change our product rate at any time.
2 Year Fixed Rates
Variable Rates
2 Year Fixed Rates
Loan to Value |
Initial Rate |
Followed by our Standard Variable Rate, currently |
The overall cost for comparison is |
Booking Fee (added to loan) |
Repayment Method |
Maximum Loan |
- All products available for house purchase only.
- Offset is available on all 2 Year Fixed Rate products.
- All products have a £195 Redemption Fee which is added to loan on redemption of the mortgage.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. |
|
Up to 75% |
3.59% fixed until 30 April 2014 |
3.99% for the rest of the mortgage |
4.0% APR |
£999 |
Repayment* or
Interest Only** |
*£1,000,000
**500,000 |
|
Up to 85% |
4.69% fixed until 30 April 2014 |
3.99% for the rest of the mortgage |
4.2% APR |
£999 |
Repayment |
£1,000,000 |
|
Up to 90% |
5.79% fixed until 30 April 2014 |
3.99% for the rest of the mortgage |
4.5% APR |
£999 |
Repayment |
£1,000,000 |
Variable Rates
Loan to Value |
Initial Rate |
Followed by our Standard Variable Rate, currently |
The overall cost for comparison is |
Product Fee (fee added to loan) |
Repayment Method |
Maximum Loan |
- All products available for house purchase only.
- Offset is available on all Variable Rate products.
- All products have a £195 Redemption Fee which is added to loan on redemption of the mortgage.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. |
|
Up to 75% |
2.99% above Bank of England base rate for 2 years giving a current
rate of 3.49% (variable) |
3.99% for the rest of the mortgage |
4.0% APR |
£999 |
Repayment* or
Interest only**
|
*£1,000,000
**500,000
|
|
Up to 85% |
4.09% above Bank of England base rate for 2 years giving a current
rate of 4.59% (variable) |
3.99% for the rest of the mortgage |
4.2.% APR |
£999 |
Repayment |
£1,000,000 |
|
Up to 90% |
5.19% above Bank of England base rate for 2 years giving a current
rate of 5.69% (variable) |
3.99% for the rest of the mortgage |
4.4% APR |
£999 |
Repayment |
£1,000,000 |
| Early repayment charges |
| |
Mortgage Type |
Early Repayment Charge |
| Fixed Rate |
Flexible/Professional |
Up to 10% of the loan balance may be repaid once a year
by cheque, without an early repayment charge. If any extra payments are
made to the mortgage account prior to the expiry of the fixed rate period,
a charge equal to 3% of the amount of the extra payments will be payable.
Extra payments include repayment of the mortgage in full. |
2 Year Tracker Rate
(Variable Rate) |
Flexible/Professional |
If the mortgage is repaid in full within the first 24
months, 2% of the amount of the mortgage taken at the outset will be charged. |
Base Rate Term Tracker (Variable Rate)
|
Flexible/Professional |
If the mortgage is repaid in full within the first 24
months, 2% of the amount of the mortgage taken at the outset will be charged. |
View interest rates for other Scottish Widows Bank products
