Bank of Scotland merged with Halifax to create a huge company (HBOS plc) and an impressively diverse range of mortgages. Although the two brands are now closely integrated, Bank of Scotland still has its own different mortgage offers.
All Bank Of Scotland mortgages have certain flexibility features, which have made them popular with new mortgage customers. However – the trade-off may be a higher Standard Variable Rate, which is at least 0.35% worse than some rivals.
You can get expert advice on Bank Of Scotland and all other UK lenders by filling out the form for a free call back.
About Bank Of Scotland Mortgages
Bank of Scotland currently offers a range of 40 residential mortgages. They go up to 90% Loan-to-Value (LTV), although the best interest rates are offered to customers with under 75% LTV.
The lowest interest rate (May 2008) is 6.44%, offered on fixed-rate deals of 3 and 5 years duration. If you are in the 75-90% LTV range, the rate's a bit higher at 6.74%
These mortgages are for purchases and first-time buyers, and have a £999 arrangement fee.
Bank Of Scotland Remortgage Options
There is a slightly different fee structure for some of the Bank Of Scotland Remortgages. Instead of a fixed sum, the fee is calculated as 0.75% of the loan. This might be a significant plus for those with sub-£100k remortgages.
Fixed rates for those with at least 25% equity start from 6.64% (5-year fixed) and 6.69% (3-year fixed).
If you need a remortgage up to 90% you are looking at a starting rate of 6.89%. Talk to an adviser to see if this is the best option for you and to get alternative lender comparisons.
Choosing a Bank Of Scotland Mortgage
It's a complicated job comparing all these mortgage deals, but you can get expert help by filling in the form to speak to an FSA-qualified mortgage adviser.
They will give you a free call back with expert help. It costs you nothing because they receive fees from the lenders themselves. It's a guaranteed impartial service, with no strings attached.
Fill in the secure, 1-minute enquiry form to get a free call back with unbiased advice, comparisons and quotes.