Scottish Widows Bank Residential Mortgage Rates
| Product | Rate | Initial Period | Fee | Overpay |
|---|---|---|---|---|
| 2-yr fixed 60% LTV | 4.97% | 2 years | £999 | |
| 2-yr fixed 75% LTV | 5.12% | 2 years | £999 | |
| 2-yr fixed 85% LTV | 5.32% | 2 years | £999 | |
| 2-yr fixed 90% LTV | 5.52% | 2 years | £999 | |
| 5-yr fixed 60% LTV | 3.77%Best | 5 years | £999 | |
| 5-yr fixed 75% LTV | 3.95% | 5 years | £999 | |
| 5-yr fixed 85% LTV | 4.15% | 5 years | £999 | |
| 5-yr fixed 90% LTV | 4.35% | 5 years | £999 | |
| 5-yr fixed 95% LTV | 4.65% | 5 years | £999 | |
| 2-yr tracker 60% LTV | Base+0.72% | 2 years | £999 | |
| Standard Variable Rate | 8.04% | Ongoing | None | - |
Scottish Widows Bank Buy-to-Let Mortgage Rates
| Product | Rate | Initial Period | Fee | Overpay |
|---|---|---|---|---|
| BTL 2-yr fixed 60% LTV | 5.52% | 2 years | £1,499 | |
| BTL 5-yr fixed 60% LTV | 4.37%Best | 5 years | £1,499 | |
| BTL 5-yr fixed 75% LTV | 4.62% | 5 years | £1,499 |
Scottish Widows Bank Product Transfer Rates
| Product Transfer Option | Rate | Initial Period | Fee | Cashback |
|---|---|---|---|---|
| Scottish Widows Bank 2-yr fixed PT (same LTV band) | 5.02% | 2 years | £0 | Cashback available |
| Scottish Widows Bank 5-yr fixed PT (same LTV band) | 3.82% | 5 years | £0 | Cashback available |
| Scottish Widows Bank PT + borrow more (residential) | 3.89% | 5 years | £595 | Cashback available |
About Scottish Widows Bank Mortgages
Scottish Widows Bank is the mortgage lending arm of Scottish Widows, now part of Lloyds Banking Group. They offer a range of residential and buy-to-let mortgage products, with particular strength in offset mortgages linked to savings accounts - a product where they have historically been market leaders.
Scottish Widows Bank suits borrowers who have significant savings they want to use to reduce mortgage interest rather than earn it separately. Their offset mortgage products are especially attractive to higher-rate taxpayers and those with variable income who want flexibility to overpay and draw down.