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UK: SCOTTISH WIDOWS OFFERS DUAL INTEREST OPTION

Article Abstract:

Scottish Widows Bank is offering dual interest rate mortgages. These mortgages are available for residential mortgages, and no redemption charges will be payable. According to an independent adviser, Ian Muscat, of the Millfield Partnership, this kind of mortgage is suitable for those who wish to hedge their bets and are keen to pay off their mortgage as quickly as they can.

Publisher: FT Business
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
Scottish Widow's Fund and Life Assurance Society

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UK: New mortgages from Standard Life Bank

Article Abstract:

Two new fixed rate mortgages are on offer from Standard Life Bank, one at 5.89% and the other at 5.6%. The former is for loans of 90%-95% loan to value (LTV) and the latter 90% LTV. Both are fixed for seven years. A fully flexible, seven-year fixed-rate mortgage from Northern Rock is a better option, according to Ray Boulger, Charcol's senior technical manager.

Publisher: FT Business
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
Abstract, Standard Life Bank

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Subjects list: United Kingdom, Retail banking, Mortgages
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