Lenders

Scottish Widows – UK Mortgage Lender

Following a meeting in Edinburgh in 1812, Scottish Widows Fund Life Assurance Society, Scotland’s first mutual life office, was founded in 1815 in order to provide financial help to widows and other females. It rapidly expanded its services to include men, too. In 2000, Scottish Widows demutualised and became part of Lloyds TSB Group.

Mortgage Products

Fixed Rate Mortgages: 2 year, 3 year and 5 year fixed rate mortgages and remortgages; offset options available.

Discounted Mortgages: 3 year stepped discounted rate mortgages and remortgages.

Tracker Mortgages: 2 year base rate tracker mortgages and remortgages.

Buy to Let Mortgages: 2 year and 5 year fixed rate mortgages and remortgages, 2 year base rate tracker mortgages and remortgages.

Equity Release Mortgages: lifetime fixed rate equity release mortgages are available for over 60s.

Scottish Widows is no longer a mutual organisation and became part of the large Lloyds TSB group during the year 2000. By becoming a member of a large high street bank group, Scottish Widows has increased its buying power and is now able to offer a much more extensive range of products and a nationwide service.

One of the specialist mortgages on offer include a professional mortgage that is designed to deal with high net worth individuals that have an uneven income such as barristers, doctors and vets. These are flexible and allow an offset facility as well as overpayments.

Other options include graduate mortgages and flexible mortgages for the self-employed. Equity release and buy to let mortgages are also available.

Website: www.scottishwidows.co.uk