Flexible Mortgage

Fixed-Rate Mortgages

Life can be uncertain. So it's a good idea to prepare for any changes you might have to face in the future. And choosing the right mortgage could be the start.

Our Flexible Mortgage allows you to borrow up to 90% of the purchase price or valuation of your property – whichever is lower.

£5,000

See the website.

Over 18 years of age.

£199 arrangement fee plus £25 CHAPS transfer fee

You can borrow up to 90% of the purchase price or valuation of the property, whichever is the lower including costs. For new build properties, the maximum you can borrow is 80%.

At Scottish Widows Bank we offer two remortgage options:

Remortgage package 1 - Valuation costs (or refund up to £250*) will be paid by Scottish Widows Bank and free legal fees when your client uses our solicitors (this does not include any additional services, such as property title transfer or properties in England and Wales where the property requires first registration in HM Land Registry. Our solicitors will not be able to give you legal, financial or tax advice on your remortgage. We recommend that you contact your own legal or financial adviser should you require such advice).

Remortgage package 2 - Valuation costs (or refund up to £250*) will be paid by Scottish Widows Bank plus cashback of £300 on completion of the mortgage.

Please note, neither remortgage package will be offered if there's not currently a mortgage on the property, or if the property has been owned for less than six months.

Remortgage package 1 is not available in Northern Ireland.

For remortgage applications up to 60% LTV and £300k Scottish Widows Bank will undertake a free external survey (or standard where appropriate). For remortgages up to 75% LTV and £500k Scottish Widows Bank will undertake a standard survey and absorb the cost of this.