It is introducing rates across its fixed, tracker and remortgage offerings, with the aim of strengthening its proposition for brokers dealing with the self-employed market.
- Two-year tracker at Bank of Scotland Base Rate +0.39 per cent. This is available on loans of up to 85 per cent loan-to-value (LTV) and carries an initial rate of 4.89 per cent. There is an early repayment charge (ERC) of 5 per cent over the product period and an arrangement fee of £999.
- Two-year fixed rate of 5.19 per cent. Again the rate is available for loans of up to 85 per cent LTV, carries an ERC of 5 per cent over the product period and an arrangement fee of £999 is applicable.
- For remortgage customers a three-year tracker at Bank of Scotland Base Rate +0.49 per cent has been introduced. This product is available on loans of up to 75 per cent LTV at an initial rate of 4.99 per cent. There is an arrangement fee of £699 and an ERC of 5 per cent over the product period applies. The remortgage product also includes a free property assessment and the Bank will pay for the standard conveyancing work in connection with the mortgage transaction.
