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Financial Services > Mortgages > Mortgage Lenders > Scottish Widows Bank

Scottish Widows Bank

Scottish Widows Bank opened its doors in 1995, some 180 years after the creation of the Scottish Widows brand. Scottish Widows Bank has the benefit of being a flexible, modern company with the financial strength and establishment of a trusted institution behind them.

Scottish Widows Bank initially offered savings accounts, but quickly grew to offer mortgage loans. As one of the first mortgage lenders to offer a flexible mortgage, Scottish Widows Bank further proved their resourcefulness by creating the first mortgage product specifically aimed at professionals.

Scottish Widows Bank now offers a range of mortgage products, available either through financial advisers or through the professional, friendly direct sales team. Scottish Widows Bank currently employs the motto: ‘Preparation is Everything.’

Scottish Widows Bank mortgage loans include professional mortgages, flexible mortgages and equity release mortgages.

Scottish Widows Bank Mortgage Products
   

Professional Mortgage: Professional mortgages are designed for professionals who have already qualified. These include doctors, dentists, opticians, solicitors, vets, teachers, pharmacists and accountants.

Offset facility is available on professional mortgages allowing you to offset your savings against your mortgage loan, leading to early repayments or reduction of your monthly mortgage payment.

Scottish Widows Bank offers a range of fixed and variable rates.

Flexible Mortgage: Flexible mortgages are designed to meet the needs of a variety of people, both employed and self-employed.

Offset facility is available on flexible mortgages allowing you to offset your savings against your mortgage loan, leading to early repayments or reduction of your monthly mortgage payment.

Available as new purchase or remortgage

Customers can choose from a range of fixed and variable rates.

Equity Release: Scottish Widows Bank offer two Lifetime Mortgages through their property account. The first is a Flexible Lifetime Mortgage available to those aged over 55 providing a range of flexible features. The other is a Fixed Lifetime Mortgage, available to those aged over 60 with no monthly interest payment required. Equity release is offered from between £10,000 and 45% of the value of your home.

Other Scottish Widows Bank options include remortgage packages, and additional borrowing and offsetting on existing mortgage loans. Scottish Widows Bank also offers home insurance and protection cover.

Current Scottish Widows Bank Mortgage Offers

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