Bank of Scotland (www.bankofscotland.co.uk) is a Edinburgh based bank, now part of the Halifax Bank of Scotland Group (HBOS), after merging, in 2001, with the Halifax. With more than 22 million customers, HBOS is now a major UK banking power.
Whether you are a first time buyer wanting to buy your first property, or a homeowner looking to remortgage, it’s essential to compare mortgages to make sure you get the best deal.
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The Bank of Scotland is now part of the giant banking group HBOS plc, the fifth largest in UK. Their website offers a useful guide to buying your first home, including how to create a realistic budget, view appropriate properties and how to prepare for the actual move.
A BoS Flexible Rate mortgage allows you to change how you make your repayments to suit your circumstances. You can repay your mortgage early by increasing your monthly payments – this in turn could lower the amount of money you pay in interest. You can borrow money quickly and easily, charged at the same rate of interest as your mortgage, and you can even reduce your repayments or take a repayment holiday.