Bank of Scotland One-Year Fixed-Rate mortgage among new offers

www.moneynews.co.uk > Mortgages > Bank of Scotland One-Year Fixed-Rate mortgage among new offers

Bank of Scotland One-Year Fixed-Rate mortgage among new offers

Fri 24th Mar 2006

A Bank of Scotland One-Year Fixed-Rate mortgage is among a selection of self-certified products that have been launched today.

The deal is available at up to 85 per cent loan to value (LTV) and has a rate of 4.75 per cent until June 30th 2007, reports product website Mortgage Introducer.

A reduction of ten per cent has been made to the two-year tracker rates, which start from the Bank of England base rate plus 0.39 per cent up to 75 per cent LTV until June 30th 2008.

Fixed-rates have also been reduced across the range of LTVs on the bank's two-year offers, with rates now starting from 4.75 per cent and a maximum LTV of 75 per cent available.

A three-year fixed-rate product, with an early repayment charge (ERC) of five per cent and 85 per cent LTV, has seen a rate reduction to 5.09 per cent.

Charles Haresnape, managing director of Bank of Scotland mortgages, said: "Customers within the self-certification market want flexibility and choice. By reviewing our range of products and rates we are enabling brokers to truly meet the varied needs of this market."

The Bank of Scotland One-Year Fixed-Rate mortgage and other offers all have an arrangement fee of £599 and an ERC of five per cent in the introductory rate periods, excluding the three-year fixed-rate package, which has no arrangement fee.

Related News : Mortgages
	Brits 'failing to grasp the importance of an interest in mortgages'
	BBA highlights mortgage lending growth
	Are interest-free mortgages a bad idea?
	Buy-to-let mortgages are 'more profitable'
	House price performance to impact lenders' criteria
	More Brits 'to choose long-term mortgages'
	Offset mortgages 'are the future'
	UK house prices 'set to fall'
	Hybrid mortgages 'are a good deal' for FTBs
	UK public expects house price increase