With our Fixed Rate Mortgage, the interest rate is fixed for a period of 2 years, giving you added peace of mind and allowing easier budgeting and planning.

The interest rate available is dependent on the Loan to Value (LTV), the amount of mortgage as a percentage of the value of the property:

  • Loan to Value up to 60% – Interest Rate 2.99%. The overall cost for comparison is 4.7% APR.
  • Loan to Value over 60% and up to 75% – Interest Rate 3.49%. The overall cost for comparison is 4.7% APR
  • Loan to Value over 75% and up to 90% – Interest Rate 3.99%. The overall cost for comparison is 4.7% APR

At the end of the fixed rate period, the interest rate reverts to our standard variable rate for the remaining loan term. Currently 4.74%, this rate will be reviewed by the Board of Directors as an integral part of the on-going planning and budgeting meetings and product development.

Mortgages are available over terms of up to 25 years and we have worked hard to keep our arrangement fee as low as possible at only £299.

Use our Mortgage calculator to obtain your own personalised, no obligation quotation.

More information about our Fixed Rate Mortgages

During the fixed rate period, no overpayments are permitted and an early repayment charge of 3% applies. Following the fixed rate period, the interest rate reverts to our variable rate with no early repayment charges and overpayments permitted without charge.

For purchases we can help you to find a lawyer and your legal fees can be added to the loan if required (conditions apply).

For re-mortgages, legal work will be arranged by Scotwest and the fees can be added to the loan if required (conditions apply).

You can also benefit from discounted survey fees as we have secured special rates for Scotwest members with Hardies Surveyors.

Buildings Insurance is required and annual evidence of your cover must be presented to Scotwest. You are free to choose your own insurance provider.

We highly recommend that you review your life assurance and income protection insurance.

Not a Scotwest Member?

If you are not already a Scotwest Member call our Member Services Line on 0141 227 2390 for information on joining and applying for a mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Fixed Rate Mortgage Terms & Conditions

Mortgage Arrears Charges Details

View Our Current Mortgage Rates