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 Best Deals
Pulling out all the stops to get you the best mortgage deals.
We
hate penalties and fees so we will always try to bring you mortgages
with no hidden fees, tie-ins or early redemption charges. This
means that once the initial special offer period is over you are free to
remortgage your property and continue to save money! We always say and
we are sure you will agree that the money is better in your pocket than
theirs!
Our Best Mortgage Deals are selected using the following criteria
- 90% loan to value which means there is a deposit of 10% put down
- A loan of £100,000
- The property being purchased in England
- No tie-in (Early Redemption charge during the special offer period)
Don't worry if this criteria is not the same as yours - use our Wizard
to conjure you up the perfect mortgage! We cover the whole of the
UK including Northern Ireland and offer mortgages to suit all
requirements, whether you are a First Time Buyer, Remortgaging, Moving
House, need 100-110% borrowings on the property - we have it all.
From time to time we will post special offers for specific categories of buyer e.g. Professionals or Buy to Let.
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This month we have special deals for Graduates and Professionals
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Graduate Mortgage
Step straight onto the property ladder
with a 102% Graduate Mortgage.
After years of studying, it’s
usually hard to find the money you need to put a deposit down on
a house. Scottish Widows Bank recognises this and would like to
offer a solution in the form of our Graduate Mortgage.
You can apply for 100% of the cost
or valuation of the property, whichever is the lower, plus a further
2%. You could use the extra 2% towards associated costs that come
with buying a new home such as stamp duty and legal fees. This unique
mortgage package is available exclusively to Graduates who have
graduated from a recognised UK University and are aged between 21
and 35 years.
Professional Mortgage
Based on a Flexible Mortgage, the
Professional Mortgage is designed exclusively for doctors, dentists,
accountants, solicitors, teachers, vets and pharmacists. It allows
you to borrow 100% of the valuation or purchase price of the property
(whichever is lower).
In addition you can borrow 10% on
top of this for any other purpose, for example, renovations of your
new property, a holiday, car, business or education needs. The funds
are available from the day your mortgage completes.
Offset facility - making your savings work with
your mortgage
Where all or part of your mortgage is on
a variable or discounted rate you have the option of applying for
our offset arrangement. This is an optional feature designed to
use your savings to help you pay off your mortgage early and save
money, without tying the two together. Instead
of earning interest on your savings, you can offset them against
the balance of your mortgage. Interest is only charged on
the net balance, enabling you to pay the whole debt off sooner than
the original mortgage term. Plus there are also tax advantages to offsetting.
Because we understand your profession we guarantee
that every case is looked at individually and assessed taking into
account your individual circumstances.
No Higher Lending Charge to pay
When you borrow a high percentage
of the property value some lenders will charge you a Higher Lending
Charge. No Higher Lending Charge is payable on this mortgage.
Interest is calculated on a daily basis
This means that any overpayments you make,
whether a lump sum or a little extra each month, immediately reduces
the balance outstanding on your mortgage, giving you the opportunity
to save in interest costs.
A combination of fixed and variable rates
You can choose to take all or part of your mortgage
at a fixed rate. Taking part of your mortgage at a fixed rate allows
you the flexibility to make overpayments to the variable rate portion
during the fixed rate period with no penalties whatsoever.
Mortgage Reserve Account
You can borrow additional money with your mortgage
for any purpose, for example; to renovate your new property, a holiday,
car purchase, education planning or for business purposes. There
will be a pre-agreed limit on your account and you will have the
freedom to withdraw and deposit funds as and when you wish.
Payment Holidays
At any time you can apply for a holiday payment or
reduced monthly payments for up to 12 months. To take advantage of this
you must have a Mortgage Reserve Account in place. Your normal
monthly payments on your mortgage will be collected from your Mortgage
Reserve Account. The balance of your Mortgage Reserve Account
will therefore increase and interest will be charged on this account.
For details on either of these schemes please fill in the form below:
Contact Me
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