Scottish Widows Bank
BankScottish Widows Bank is a savings and mortgage brand within Lloyds Banking Group, offering competitive residential mortgage products alongside its well-known savings and investment services.
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About Scottish Widows Bank
Scottish Widows Bank is part of the Lloyds Banking Group and operates as a savings and mortgage brand under the Scottish Widows name. Scottish Widows itself was founded in 1815 as a life assurance company in Edinburgh, and the bank arm was established in 1995 to offer savings and mortgage products to complement the wider Scottish Widows financial services offering.
The bank offers residential mortgage products alongside competitive savings accounts. Scottish Widows Bank benefits from the scale, funding, and infrastructure of Lloyds Banking Group while maintaining its distinct brand identity. The bank is known for straightforward mortgage products with competitive rates, and it has a particularly strong reputation in the savings market.
Scottish Widows Bank mortgages are available both directly and through mortgage brokers. The bank has a relatively focused product range compared to the wider Lloyds Group brands, concentrating on core residential lending. Scottish Widows Bank is authorised and regulated by the FCA and PRA through its parent group.
Lending Focus
Scottish Widows Bank offers mortgage products across 1 categories including Residential.
Key Features
- Competitive residential mortgage rates from a well-known brand
- Backed by Lloyds Banking Group financial strength
- Straightforward product range focused on core residential lending
- Available both directly and through mortgage brokers
Pros & Cons
Pros
- Competitive rates backed by Lloyds Banking Group scale
- Well-known and trusted brand with strong financial heritage
- Straightforward products with clear terms
- Available through multiple channels including brokers
Cons
- –Limited product range — residential only, no buy-to-let or specialist products
- –No shared ownership, self-build, or government scheme products
- –Less flexibility than specialist lenders for non-standard cases
Fees & Charges
- Arrangement Fee
- Varies by product; fee-free options available
- Valuation Fee
- Free on selected products
- Early Repayment Charge
- 1–5% during the initial deal period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on Scottish Widows Bank
Application Process
- Processing Time
- 2–4 weeks
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 90%
Frequently Asked Questions
Is Scottish Widows Bank the same as Scottish Widows?
Is Scottish Widows Bank part of Lloyds Banking Group?
Can I apply for a Scottish Widows Bank mortgage through a broker?
What is the maximum LTV Scottish Widows Bank offers?
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.