Two-year fixed rates at up to 60% loan-to-value (LTV) have been reduced by up to 0.2%, with rates starting from 1.99% (flexible) and 1.79% (professional). These products come with a £999 booking fee.

Cheaper rates are available with a higher booking fee of £1,499. Rates start from 1.79% in the flexible range and 1.59% for a professional product.

Three-year fixed rates at up to 60% LTV have been reduced by up to 0.1%, with rates starting from 2.59% (flexible) and 2.39% (professional). These deals come without a booking fee.

Cheaper rates are available to customers willing to pay a £1,499 fee; rates start from 2.29% (flexible) and 2.09% (professional).

Gordon Bowden, director at Scottish Widows Bank, said: “Scottish Widows Banks is known for its innovative mortgage deals and excellent service offering. We intend to build on our strong start to the year, and these products represent some of the most competitively priced products available in the market.”