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Scottish Widows Bank Mortgage Product Transfer rate from 1.57%

Scottish Widows Product Transfer Fixed Rates up to 60% loan to value

Rates current as of April 19, 2022
2 yrs2.22%31/07/2024£74960%
2 yrs2.40%31/07/2024 £060%
5 yrs2.13%31/07/2027 £74960%
5 yrs2.25% 31/07/2027 060%

If you are a Scottish Widows Bank mortgage customer seeking a Product Transfer Switch when your current deal is coming to an end, we can assist.

We are specialists in working with Scottish Widows Bank, particularly in the Professionals market and can advise you on your Scottish Widows Mortgage Product Transfer and make all the necessary arrangements, painlessly, and without charge.

We do everything online which means:

  • No meetings
  • No paperwork
  • No fuss
  • No broker fees to pay

You will not have to spend your day on the telephone trying to arrange your Scottish Widows Bank Mortgage Product Transfer. Nor deal with documentation coming through the post as we do everything online.

No Broker fees from us for managing the Transfer on your behalf.

Scottish Widows Product Transfer Fixed Rates up to 75% loan to value

2 yrs2.26% 31/07/2024 £74975%
2 yrs2.52% 31/07/2024 £075%
5 yrs2.17% 31/07/2027 £74975%
5 yrs2.35% 31/07/2027 075%
Rates current as of April 19, 2022

Scottish Widows Product Transfer Fixed Rates up to 80% loan to value

2 yrs2.66% 31/07/2024 £74980%
2 yrs2.85% 31/07/2024 £080%
5 yrs2.60% 31/07/2027 £74980%
5 yrs2.70% 31/07/2027 080%

About Scottish Widows Bank Mortgages

Scottish Bank Mortgages all come with a full Offset Mortgages facility.

This means that you can deposit your savings with Scottish Widows Bank and have the value of your savings ‘offset’ against your mortgage balance daily, before your mortgage interest is calculated. This means you can get a return on your money equivalent to your mortgage rate without any income tax implications. You continue to have full, instant access to your savings at all times. This offset mortgage arrangement is ideally for the self employed who may be putting money aside to cover a future tax bill.

Frequently Asked Questions

Can a company director get a mortgage?

Yes, a company director can get a mortgage. If that director owns less than 25% of the property, the lender will typically consider them employed. If they own more than that, they will typically be considered self-employed.

How much mortgage can a company director get?

The amount of mortgage a company director can get, as with all applications, will be based on income. Most lenders will consider PAYE and dividend income. Some will consider PAYE and share of post-tax profit.

Can you get a mortgage if you have a limited company?

Yes, you can get a mortgage if you have a limited company. If you do run a limited company, it is always best to use a mortgage broker as mortgage applications for limited company directors can be tricky.

Do dividends count towards a mortgage?

Yes, lenders will count dividends towards a mortgage. If you are not the majority shareholder, however, the lender may consider that payment of dividends is not under your control.

Can I get a mortgage if I own my own business?

Yes, business owners obtain mortgages every day. If you are a business owner seeking a mortgage, you are best working with a mortgage broker as the applications can get quite tricky.

Can I borrow money from my business to buy a house?

Mortgage lenders will consider this a loan and they do not like using loans as deposits for a mortgage.