Bank of Scotland

Your trusted partner in the mortgage business.

When it’s a mortgage you are in need of, you have found the right place. Being Scotland’s first and oldest bank, you know that they know what it’s about. On the 17th of June 1695, the Bank of Scotland was founded by an Act of the Scottish Parliament. 

The Bank of Scotland is just one year older than the Bank of England. The bank was established mainly to further Scotland's trade with England and the low countries.

Get your mortgage from one of the oldest banks

Being a commercial and clearing bank that is based in Scotland, Bank of Scotland is a proud partner of Lloyds Bank. Dating back as far as the 17th century, it is the 5th oldest bank in England. The Bank of Scotland is the only commercial establishment created by the Parliament of Scotland that still exists today.

It was the first bank in Europe to print its own banknotes and still does that today, under legal arrangements that allow Scottish banks to issue currency. That is pretty impressive.

Bank of Scotland has you covered

The day has finally come for you to take that first step in deciding to get your very own home. Is there excitement in your heart due to the thought of having your own home? You don't know where to start but a friend told you about a mortgage from the Bank of Scotland.

With the promise of being with you every step of the way, the Bank of Scotland has a mortgage that will fit you like a glove. They understand what a big step it is and with their support and guidance, you know you have the best on your side.

When buying your first home, looking to remortgage, or thinking of moving house, the expert team at the Bank of Scotland will have you covered every step of the way, helping you make your dreams a reality.

Buying a house is one of the biggest milestones in your life and making sure that you get the mortgage that is perfect for you is the most important part of the process. Making sure you get a home loan in the UK that you can afford is essential. Considering some of the benefits Bank of Scotland has to offer could be your answer.

Great benefits for first-time home loan seekers

By proudly supporting the Government mortgage guarantee scheme, the Bank of Scotland is able to lend you 95% of the total property value amount. This leaves you with only 5% of the total amount payable by you as a deposit.

Keeping you informed all the way

First off you will have to apply for an agreement in principle. This entails calculating what your maximum borrowing power will be based on your income and your expenses and any other financial obligations. This is an easy-to-follow process on their website with no extra charge.

Once that is done, you will appoint a solicitor to start viewing properties. The solicitor will submit offers, negotiate and check contracts on all the properties that you are interested in. After you have found the home you want, your solicitor will put in a formal offer on your behalf.

Once there is an acceptance of your offer, the solicitors will correspond with relevant letters and you may now book your appointment with a branch of the Bank of Scotland to complete your formal mortgage application with a mortgage advisor.