Bank of Scotland two-year fixed rate mortgage adjusted

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Bank of Scotland two-year fixed rate mortgage adjusted

The Bank of Scotland two-year fixed-rate mortgage has been assigned a limited edition interest rate of 4.39 per cent.

This rate will only apply to loan amounts between £750,000 and £5 million – these offers have a loan to value (LTV) of 75 and 85 per cent respectively.

A reduction from 5.69 to 5.49 per cent has also been made on the bank's 80 per cent LTV Personal Choice Term Tracker deal, it was reported on specialist website Mortgage Introducer.

The launch of a mainstream two-year fixed-rate product with a rate of 4.55 per cent and an LTV of 90 per cent was also announced.

This has the option of a no-fee remortgage service.

Bank of Scotland mortgages managing director Charles Haresnape said: "At Bank of Scotland mortgages we are committed to continually providing competitive rates for intermediaries to pass on to their clients."

Any applications for the Bank of Scotland two-year fixed-rate mortgage will be handled at the company's base in Edinburgh.

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