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Scottish Widows Bank

Scottish Widows Bank, formed in 1995, specialise in savings and mortgage products. You can compare Scottish Widows Bank mortgages below.

Compare mortgages

Reason for mortgage
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years
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Rate type Initial rate Fees Overall cost
APRC

Overall costs for comparison. This is a way of comparing most costs including interest and fees.

Monthly cost
Rate type
Fixed until 30/11/2018
Initial rate
1.39%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.6%APRC
Monthly cost
£631.66 for 24 months then £826.57 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £245,517 includes: Loan amount (£160,000); Interest (£83,293); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.49%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.6%APRC
Monthly cost
£639.15 for 24 months then £827.30 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £245,899 includes: Loan amount (£160,000); Interest (£83,675); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.54%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.6%APRC
Monthly cost
£642.91 for 24 months then £827.66 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,089 includes: Loan amount (£160,000); Interest (£83,865); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.59%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.6%APRC
Monthly cost
£646.69 for 24 months then £828.03 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £245,780 includes: Loan amount (£160,000); Interest (£84,056); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.64%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.7%APRC
Monthly cost
£650.48 for 24 months then £828.39 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,470 includes: Loan amount (£160,000); Interest (£84,246); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.69%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£654.28 for 24 months then £828.75 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,161 includes: Loan amount (£160,000); Interest (£84,437); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.69%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£654.28 for 24 months then £828.75 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,161 includes: Loan amount (£160,000); Interest (£84,437); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 29/09/2018
Initial rate
1.74%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£658.10 for 24 months then £829.10 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 29/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,351 includes: Loan amount (£160,000); Interest (£84,627); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.79%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£661.93 for 24 months then £829.46 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,541 includes: Loan amount (£160,000); Interest (£84,817); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2019
Initial rate
1.84%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.5%APRC
Monthly cost
£665.77 for 36 months then £822.86 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,426 includes: Loan amount (£160,000); Interest (£81,202); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 29/09/2018
Initial rate
1.84%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£665.77 for 24 months then £829.81 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 29/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,731 includes: Loan amount (£160,000); Interest (£85,007); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.89%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.7%APRC
Monthly cost
£669.63 for 24 months then £830.17 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £247,421 includes: Loan amount (£160,000); Interest (£85,197); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 29/09/2018
Initial rate
1.89%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£669.63 for 24 months then £830.17 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 29/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,921 includes: Loan amount (£160,000); Interest (£85,197); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2019
Initial rate
1.94%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.5%APRC
Monthly cost
£673.50 for 36 months then £823.91 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,982 includes: Loan amount (£160,000); Interest (£81,758); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.99%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.7%APRC
Monthly cost
£677.39 for 24 months then £830.87 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £247,801 includes: Loan amount (£160,000); Interest (£85,577); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 29/09/2018
Initial rate
1.99%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£677.39 for 24 months then £830.87 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 29/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £247,301 includes: Loan amount (£160,000); Interest (£85,577); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2019
Initial rate
2.04%then 3.99% (variable)
Fees
£2,224fees
Overall cost
3.6%APRC
Monthly cost
£681.29 for 36 months then £824.95 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £244,538 includes: Loan amount (£160,000); Interest (£82,314); Application fee (£1,499); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
2.04%then 3.99% (variable)
Fees
£550fees
Overall cost
3.7%APRC
Monthly cost
£681.29 for 24 months then £831.22 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,317 includes: Loan amount (£160,000); Interest (£85,767); Valuation fee (£330); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
2.09%then 3.99% (variable)
Fees
£1,724fees
Overall cost
3.7%APRC
Monthly cost
£685.20 for 24 months then £831.56 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £247,680 includes: Loan amount (£160,000); Interest (£85,956); Application fee (£999); Valuation fee (£330); Legal fee (£175); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
2.14%then 3.99% (variable)
Fees
£550fees
Overall cost
3.7%APRC
Monthly cost
£689.13 for 24 months then £831.91 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £246,696 includes: Loan amount (£160,000); Interest (£86,146); Valuation fee (£330); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

About Scottish Widows Bank

Although they are best known for their pensions and life insurance products, Scottish Widows also have a separate banking arm. 

Established as a separate and slightly smaller operation to its bigger pensions, life insurance and investments sister business, Scottish Widows, Scottish Widows Bank has since managed to grow its side of the business significantly in the savings and mortgages sector.

Scottish Widows Bank

Despite Scottish Widows having been long established as a key provider of pensions and investments before the founding of Scottish Widows Bank, the banking arm has aimed to provide its customers with the flexibility and efficiency of a modern banking service, backed by the brand's proud history and trust within the public as a financial services provider.

Scottish Widows Bank was formed in May 1995 with just 18 employees but has kept up with the pace of customers' demands by not only employing over 200 staff in their Edinburgh headquarters, but by also expanding the breadth of their product range.

In 1995, Scottish Widows Bank primarily focused its foray into the banking industry on savings products, but here they have since expanded their range to include personal and non-personal savings accounts with fixed term and easy-access options both available, as well as mortgages.

Scottish Widows Bank mortgages

It was only a couple of years later in 1997 when Scottish Widows Bank decided to make the most of its burgeoning reputation and start offering mortgages alongside its other financial services products.

Scottish Widows Bank became one of the first lenders in the industry to offer a flexible mortgage, and in 1998 they located an area where the market was failing to deliver to customer needs, and launched a mortgage offer specifically designed for professionals.

Their professional mortgages are aimed at fully trained and some trainee professionals, such as accountants, medical doctors, teachers and engineers. Many of Scottish Widows Bank's mortgages have up to 90% loan to value, depending on individual circumstances and applications.

Since then Scottish Widows Bank has continued its efforts to develop mortgages to meet market and specific customer demands.

Meanwhile their flexible mortgages range offer mortgages for self-employed and employed people. There is also the possibility of taking out an offset facility on most of the mortgages which Scottish Widows Bank provides, allowing customers to offset their savings against their mortgage. 

This means you can either choose to pay off your mortgage early or lower your monthly repayments using your savings.

In an awards ceremony recognising the best providers and products in the mortgage market over the 2014-15 period, Scottish Widows Bank came out top in the category, Best Offset Mortgage Lender.

You can choose from a range of Scottish Widows Bank mortgages using our comparison table above, including fixed and tracker mortgages. 

Depending on your circumstances and needs, there are a range of rates and Loan to Value options to compare from Scottish Widows Bank's mortgage offers.

uSwitch is authorised and regulated by the Financial Conduct Authority (FSA FRN 312850) to provide this mortgage comparison service

uSwitch services are provided at no cost to you, but we may receive a commission from the companies we refer you to.