PRODUCT CODE CHANGES EFFECTIVE FROM SUNDAY 29TH JUNE
Remortgage Service Product Code Changes
Due to changes being made to our IT system on 28th June 2008, we are amending the codes of our remortgage service products with effect from Sunday 29th June 2008. Product rates and criteria are unaltered. New codes should be used from Sunday 29th June.
The tables below set out all the affected products with the new product codes highlighted in bold.
|
Mainstream |
LTV |
Rate |
Old Code |
NewCode |
|
Remortgage Service 3 Year Tracker |
0-60% |
6.09% |
BBY069 |
BBY099 |
|
Remortgage Service 3 Year Tracker |
60-75% |
6.29% |
BBY070 |
BBY100 |
|
Remortgage Service 3 Year Tracker |
75-90% |
6.79% |
BBY071 |
BBY101 |
|
Remortgage Service 5 Year Tracker |
0-75% |
6.19% |
BBY072 |
BBY102 |
|
Remortgage Service 5 Year Tracker |
75-90% |
6.69% |
BBY073 |
BBY103 |
|
Remortgage Service 3 Year Fixed |
0-60% |
6.79% |
BFA280 |
BFA297 |
|
Remortgage Service 3 Year Fixed |
60-75% |
6.92% |
BFA281 |
BFA298 |
|
Remortgage Service 3 Year Fixed |
75-90% |
7.34% |
BFA282 |
BFA299 |
|
Remortgage Service 5 Year Fixed |
0-75% |
6.94% |
BFA283 |
BFA300 |
|
Remortgage Service 5 Year Fixed |
75-90% |
7.24% |
BFA284 |
BFA301 |
|
Large Loan |
LTV |
Rate |
Old Code |
New Code |
|
Remortgage Service 3 Year Tracker |
0-60% |
6.24% |
BBY092 |
BBY104 |
|
Remortgage Service 3 Year Tracker |
60-75% |
6.64% |
BBY093 |
BBY105 |
|
Remortgage Service 5 Year Tracker |
0-60% |
6.19% |
BBY094 |
BBY106 |
|
Remortgage Service 5 Year Tracker |
60-75% |
6.54% |
BBY095 |
BBY107 |
Full information will be available on our website at www.bankofscotland.co.uk/intermediary from Monday 30th June
Bank of Scotland Base rate is currently 5.00% (variable), Home Loan Rate is currently 7.35% (variable).
The remortgage service is open to all new Bank of Scotland customers who currently have a mortgage with another lender (The remortgage service is not available where the security property is unencumbered). The Bank of Scotland will pay for an assessment of the property to be remortgaged when carried out by our panel valuer. Please note that this valuation is for our lending purposes only and a copy will not be released to the intermediary or the client. The remortgage service is only available when one of our remortgage panel conveyancers is instructed. We will instruct and pay for our conveyancer to carry out the legal work in connection with the remortgage transaction. Please note this relates only to standard mortgage conveyancing and the cost of any additional work required must be met by the client. The Remortgage Service is not available to packaged applications.
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