Rating based on 35 reviews

Bank of Scotland

  • Home loans up to £27,000
  • Low-interest starting from 6.4%
  • Repayment up to 7 years

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Bank of Scotland homepage
Author Bank of Scotland. Screenshot of Bank of Scotland website.
[Accessed September 8, 2021]

About 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.


Bank of Scotland Services

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.

Bank of Scotland – Home loan

  • Loan Type Home loans
  • Interest Rate from 6.4%
  • Loan Amount up to £27,000
  • Repayment 1 year to 7 years

Benefits of Bank of Scotland

  • Speedy loan applications
  • Affordable loans
  •  Get decision within minutes

Get a quick online home loan from the Bank of Scotland

When buying your first home you can complete all the forms online.

Make sure you have the following information on hand: 

  • Proof of identification.
  • Proof of all forms of income.
  • Proof of all your expenses.
  • Proof of employment.
  • Details of the property you want to offer. 

With all of this being done, you can now: 

  • Book an appointment and complete your mortgage application with a mortgage advisor.
  • You then need to appoint a solicitor or licensed conveyancer.
  • Your solicitor will do all the negotiation and exchange contracts.
  • You are now ready to collect the keys to your very first home!
  • Protecting your home with insurance is your last step to peace of mind.

Buying your first nest need not be a daunting task. Let the helpful, willing, and very able team at the Bank of Scotland guide you through every step of the process. You will be happily nesting in no time without having to break the bank.

Getting a mortgage from the Bank of Scotland is beneficial 

  • Over 160 years of experience.
  • Convenient, fast, and reliable finance.
  • Access to use calculators.
  • You can speak to a local advisor in your area.
  • Expert home loan advisors.

Affordable home loans for you

When buying your first home, and you decide on a mortgage from the Bank of Scotland, your monthly repayments can be lower than you think with them. They have inserted a link to the Halifax mortgage calculator for you to get a better idea of what you will pay on your mortgage.

man holding thumbs up

Bank of Scotland is a trusted & reliable provider of home loans

In our review, Bank of Scotland adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

Bank of Scotland is a registered credit provider in UK: FSA 169628

Customer Reviews & Testimonials

February 2021

The expert advisors at the Bank of Scotland went the extra mile through the whole process. We now live in our own cosy home and could not be happier.

MacLeod F
— Greenock —

July 2021

We have been saving for a home of our own for a few years now. A friend told us about the great mortgage deals from the Bank of Scotland and being a first-time buyer, we could set down a bigger d...

Dunbar C
— Elgin —

September 2021

With our broker at Bank of Scotland, we can now proudly call ourselves homeowners. It feels great to finally have the home of our dreams. We will be recommending them to everyone we know.

Campbell A
— Dundee —

Bank of Scotland Contact

Contact Number


  • not available


Physical Address

  • 10/16 King Edward Street Perth Scotland PH1 5UT United Kingdom
  • Get Directions

Postal Address

  • PO Box 761, Leeds, LS1 9JF, United Kingdom

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:30 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed