18 Mar, 2008
Scottish Widows Bank is withdrawing its two
and three-year fixed rate deals from 5pm tonight.
The bank says it is a result of unprecendented and unexpected
Scottish Widows is also temporarily refusing new business
applications on its graduate, flexible, key worker and buy-to-let
mortgage ranges from 5pm this evening.
The bank will continue to accept online and postal applications on
its flagship professional mortgage range on five-year fixed rates
and tracker rates
From March 18 five-year fixed rates and two-year and term trackers
will also be affected.
A statement from the lender says: "We remain fully committed to all
of our other markets and we will continue to monitor our business
levels so that we can start accepting new business across our whole
mortgage range as soon as possible."