If you are looking to buy your first property, or simply remortgage for a better deal, then Scottish Widows Bank could be able to help.
As an endorsed AOP member services provider, they can offer you a range of products to suit your requirements. Enhanced terms have been negotiated for the Professional Mortgage and are available to fully qualified optometrists who are members of the AOP.
With the Professional Mortgage you can borrow up to 95% of the value of your property or the purchase price, whatever is lower.
There is also an optional offsetting facility which allows any savings to be offset against the balance of your mortgage without tying the two together. This reduces the interest charged on your mortgage meaning you can pay it off early. Your savings can be accessed at any time, just like a normal deposit account. Offset also offers tax advantages because you don’t earn interest on your savings, you don’t then pay any tax on that.
Another feature of the mortgage allows you to borrow additional funds against any equity in your property through a Mortgage Reserve Account. This is charged at standard variable rate and borrowing can be for whatever purpose you wish.
Additional remortgage package incentives are also available.
Scottish Widows Bank has a high level of experience in the professional market and has successfully offered similar products to lawyers, dentists, accountants and other qualified professionals for many years. The Bank takes a flexible approach to assessing applications, based on your individual circumstances rather than sticking to strict income multiples.
For further details on what Scottish Widows Bank has to offer, please call them on 0845 845 0829 quoting reference AOP/article or visit their website at http://www.scottishwidows.co.uk/bank/mortgages/prof_intro.html
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
This is for information only. The Association of Optometrists and Scottish Widows Bank are not regulated by the FSA to give mortgage advice and if you require any advice we recommend you consult a Financial Adviser. The AOP will receive a payment of £225 if you take out a mortgage with Scottish Widows Bank.
Applicants must be aged 21 or over. Telephone calls may be recorded or monitored. Scottish Widows Bank plc, Company Number 154554. Registered in Scotland having its Registered Office at PO Box 12757, 67 Morrison Street, Edinburgh, EH3 8YJ. The main business of Scottish Widows Bank is arranging, entering into and administering mortgages and accepting deposits. Authorised and registered by the Financial Services Authority. Our FSA register number is 201601. Signatory to the Banking Codes.
