Founded in 1695, the Bank of Scotland rapidly grew in the 20th century, to merge with Halifax in September 2001 forming HBOS which is the UK’s largest mortgage and savings provider.

It was one of the UK bank to have been taken over by the government as part of the catastrophe of 2008. However it’s claimed that  it was so badly managed that even without the financial crash it would have gone out of business.

Home owner mortgages are provided through the Halifax. To see the different types of offered mortgages, please refer to the Halifax. However, Bank of Scotland offers business mortgages directly. You can choose from:

Commercial Mortgages
Property Finance
Smartfinance
Marine Mortgages

Commercial Mortgages: which are flexible mortgages and you can choose from a fixed or variable rate. You can choose between interest only and capital repayment methods. These products are flexible and you can take repayment holidays if you want to.

Property Finance: these are products intended to suit individual segments of industry, including: residential, offices, commercial, industrial and retail, professional practices, hotels and licensed trade, health care, day nurseries and licensed schools.

Smartfinance: this is a business mortgage linked to a choice of current accounts. You can either pay off your mortgage early or have lower payments as you go along.

Marine Mortgage: this mortgage is specifically offered for marine living, from dinghies to luxury yachts.