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Bank of Scotland

Bank of Scotland is part of HBOS (Halifax Bank Of Scotland), so to streamline their operations, Bank of Scotland mortgages are provided via Halifax. This gives you three good reasons to consider a Bank of Scotland mortgage:

• They've got some low fixed rate mortgages
• Remortgages come with free legal and valuation fees
• As part of a colossal UK banking group, they offer just about every kind of mortgage product you could need.

Like any other High Street lender, Bank of Scotland is popular, but may not have the best value mortgage for you. In particular, the mortgage fees can add significantly to the cost.

Get qualified advice on Bank of Scotland mortgages »

Bank of Scotland mortgage rates

All Bank of Scotland mortgages and remortgages are from the Halifax product range. Here are five of the most interesting:

Mortgage Type	Initial Rate	Subsequent Rate	APR	Max LTV	Fees & Charges	Enquire Now
2-year Variable Rate	2.44% Variable	3.99% Variable	3.8%	60%	£1,240 Product Fees
2-year Fixed Rate	2.89% Fixed	3.99% Variable	4.0%	75%	£1,740 Product Fees
3-year Fixed Rate Remortgage	3.74% Fixed	3.99% Variable	4.1%	60%	£1,240 Application Fee
2-year Fixed Rate Remortgage	4.59% Fixed	3.99% Variable	4.3%	85%	£1,240 Product Fees
2-year Fixed Rate Remortgage	5.19% Fixed	3.99% Variable	4.4%	85%	£245 Application Fee

It does not show every Bank of Scotland mortgage as there are over 100 variations to choose from. Why not find out which Bank of Scotland mortgage you qualify for?

Bank of Scotland Mortgage Products (via Halifax)

First Time Buyer mortgages: The amount of deposit that you are able to provide will affect the product you may apply for and also the interest rate that you will pay. You can choose from a 2, 3 or 5yr fixed rate mortgage or a 2yr tracker mortgage.

Moving Home mortgages: If you have more than 40% deposit available from the equity in your current property then you may be eligible for a lower interest rate. Check with your mortgage advisor to find the best deal for you.

Buy to Let mortgages: Customers can invest in their first property or transfer their mortgage to the Halifax from another lender. You may be able to borrow up to 75% of the Property's value and this can be between £25,005 and £1,000,000.

Bank of Scotland is a lot like any other High Street lender: they're popular, but may not have the best value mortgage for you. In particular, the mortgage fees can add significantly to the cost. It's worth checking out other UK lenders too as some of them might be able to provide hundreds of pounds a year in savings.

If you don't have time to do this yourself, the quickest way is to get a free call back from an independent mortgage adviser.

Bank of Scotland mortgage fees

With any mortgage you need to consider the fees, and at the time of writing, Bank of Scotland has two components to its upfront charges:

• Arrangement fees of between £995 and £1,495 (although some mortgages in their range do not have an arrangement fee)
• Completion fees: every mortgage also has a completion fee of £245.

Altogether this could see you paying as much as £1,740 at the outset of your Bank of Scotland mortgage. 

Fees make it difficult to work out which lender has the best mortgage for you. If you need a faster comparison of how much different mortgages will cost you over 5 years, get a free call back from an independent mortgage adviser.

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Bank of Scotland History

The UK's second oldest bank, Bank Of Scotland was founded in 1695 and is still based in Edinburgh, employing 20,000 staff. It was the first bank in Europe to print its own banknotes.

In 2001 the Bank of Scotland merged with the Halifax Building Society to created the HBOS group. In 2009, HBOS in turn became part of the Lloyds Banking Group.

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Speak to a professional about a Bank of Scotland Mortgage

If you're interested in a mortgage quotation, including competitive deals from other lenders, use the following enquiry form to get a free call back.