Scottish Building Society Reduces Mortgage Rates: New Fixed-Rate Deals for Homeowners and Professionals

Significant Rate Cuts from Scottish Building Society

Scottish Building Society has announced new fixed-rate mortgage products and rate reductions across their range, going live from 2 September 2025. These updates present attractive opportunities for first-time buyers, homeowners looking to remortgage, and professionals. If you are considering your options, these lower rates may help reduce your monthly repayments and increase mortgage flexibility.

New Mortgage Rates and Product Highlights

Here is an overview of the new and reduced rates across the Scottish Building Society’s Prime Residential, Professional, and Retirement Interest Only (RIO) mortgage lines:

• Prime Residential Mortgages
  • New Products:
    • 2 Year Fixed, 60% LTV, £1499 Fee – 4.24%
    • 5 Year Fixed, 60% LTV, £1499 Fee – 3.99%
    • 5 Year Fixed, 80% LTV, £1499 Fee – 4.19%
  • Reduced Rates:
    • 2 Year Fixed, 80% LTV, £995 Fee – 4.44% (was 4.49%)
    • 2 Year Fixed, 95% LTV, £0 Fee – 4.99% (was 5.29%)
    • 5 Year Fixed, 80% LTV, £0 Fee – 4.39% (was 4.44%)
    • 5 Year Fixed, 90% LTV, £995 Fee – 4.34% (was 4.49%)
    • 5 Year Fixed, 90% LTV, £0 Fee – 4.49% (was 4.64%)
• Professional Mortgages
  • New Product: 2 Year Fixed, 60% LTV, £1499 Fee – 4.24%
  • Reduced Rates:
    • 2 Year Fixed, 80% LTV, £995 Fee – 4.44% (was 4.49%)
    • 2 Year Fixed, 80% LTV, £0 Fee – 4.49% (was 4.54%)
    • 2 Year Fixed, 95% LTV, £0 Fee – 4.99% (was 5.09%)
    • 5 Year Fixed, 80% LTV, £0 Fee – 4.39% (was 4.44%)
    • 5 Year Fixed, 90% LTV, £995 Fee – 4.34% (was 4.44%)
    • 5 Year Fixed, 90% LTV, £0 Fee – 4.44% (was 4.64%)
• Retirement Interest Only (RIO) Mortgages
  • New Products:
    • 2 Year Fixed, 50% LTV, £995 Fee – 4.99%
    • 2 Year Fixed, 50% LTV, £0 Fee – 5.19%
  • Reduced Rates:
    • 5 Year Fixed, 50% LTV, £995 Fee – 4.89% (was 5.14%)
    • 5 Year Fixed, 50% LTV, £0 Fee – 5.09% (was 5.39%)

Who Benefits Most from These Updates?

These rate reductions and new product launches are ideal for:

• First-time buyers seeking up to 95% LTV mortgages with reduced rates and no fees.
• Homeowners looking to remortgage and save with affordable fixed rates and options at 60% and 80% LTV.
• Professional borrowers requiring tailored mortgage solutions.
• Older borrowers interested in Retirement Interest Only (RIO) mortgages.

Key Criteria and Lending Policy Updates

• Lower fixed rates across multiple loan-to-value brackets increase affordability.
• Products with no arrangement fees suit buyers concerned with upfront costs.
• New 2- and 5-year fixed deals expand long-term budget stability.

Promotions and Unique Features

• No-fee options available on various 2-year and 5-year fixed products.
• Up to 95% LTV available, supporting buyers with limited deposits.
• Special Professional range designed with flexible criteria for career-specific mortgage needs.
• RIO products cater to older clients seeking interest-only solutions.

With these updates, Scottish Building Society offers standout flexibility for different borrower profiles. Whether your focus is minimal upfront costs, maximum borrowing, or flexible mortgage structure, there are products to suit your circumstances.

Why Choose Scottish Building Society?

• Rate reductions—offering improved affordability for many applicants.
• Wide lending criteria—from first-time buyers to professionals and retirees.
• No-fee options—help reduce upfront costs, supporting those with tight budgets.
• Specialist products—professional and RIO mortgages for unique needs.

Next Steps

If you want to take advantage of these new lower rates or find out if you could benefit from a Scottish Building Society mortgage product, contact our expert mortgage advice team today. We provide tailored guidance for every borrowing scenario—from first-time buyers to experienced landlords and retirees.

Frequently Asked Questions (FAQs)

1. Who qualifies for Scottish Building Society’s new products?Eligibility varies: first-time buyers, home movers, professionals, and retirees can qualify if they meet the income and LTV requirements shown for each product.
2. How do these rate changes affect my monthly repayments?Lower fixed rates generally mean reduced monthly payments, especially if you’re remortgaging from a higher rate or borrowing at a high LTV.
3. Are there mortgages suitable for borrowers with low deposits?Yes, Scottish Building Society offers products up to 95% LTV with no arrangement fee, helping those with smaller deposits borrow affordably.
4. What are RIO mortgages?Retirement Interest Only (RIO) mortgages are designed for older borrowers, allowing monthly interest payments and repayment from home sale when no longer needed.
5. How do I apply or check my eligibility?Contact our mortgage advisors directly—we can assess your situation and submit applications on your behalf for the best outcome.