About Scottish building society
Scottish Building Society: A Trusted Mortgage Lender in Scotland
Scottish Building Society is a financial institution that has been serving the people of Scotland for over 170 years. It is the only independent building society in Scotland and is owned by its members, which means that it operates solely for their benefit. The society offers a range of savings accounts and mortgages to help people achieve their financial goals.
Savings Accounts
Scottish Building Society offers a variety of savings accounts to suit different needs. Whether you are saving for a rainy day or planning for your retirement, there is an account that could be suitable for you. The society's savings accounts include instant access accounts, notice accounts, regular saver accounts, cash ISAs and children's savings accounts.
Instant access accounts allow you to withdraw your money whenever you need it without any penalties or charges. Notice accounts require you to give notice before withdrawing your money but offer higher interest rates than instant access accounts. Regular saver accounts encourage regular saving by offering higher interest rates if you make regular deposits into the account.
Cash ISAs are tax-free savings products that allow you to save up to a certain amount each year without paying any tax on the interest earned. Children's savings accounts are designed specifically for young savers and offer competitive interest rates as well as educational resources to help them learn about money management.
Mortgages
Scottish Building Society also offers mortgages to help people buy their own homes or invest in property. The society's mortgage products include fixed-rate mortgages, variable rate mortgages, buy-to-let mortgages and self-build mortgages.
Fixed-rate mortgages offer peace of mind by fixing your monthly repayments at a set rate for a certain period of time, usually between two and five years. Variable rate mortgages have interest rates that can go up or down depending on market conditions but may offer more flexibility than fixed-rate mortgages.
Buy-to-let mortgages are designed specifically for landlords who want to buy property to rent out. They usually require a larger deposit than residential mortgages and may have higher interest rates. Self-build mortgages are for people who want to build their own home from scratch or renovate an existing property.
Why Choose Scottish Building Society?
Scottish Building Society is a trusted mortgage lender in Scotland because it has been serving the people of Scotland for over 170 years. It is owned by its members, which means that it operates solely for their benefit. The society offers competitive interest rates on its savings accounts and mortgages and provides excellent customer service.
In addition, Scottish Building Society is committed to responsible lending and takes the time to understand each customer's individual circumstances before making a lending decision. The society also offers financial education resources to help customers make informed decisions about their finances.
Conclusion
If you are looking for a trusted mortgage lender in Scotland, Scottish Building Society could be the right choice for you. With over 170 years of experience, competitive interest rates and excellent customer service, the society offers a range of savings accounts and mortgages that could be suitable for your needs. Whether you are saving for a rainy day or planning to buy your own home, Scottish Building Society can help you achieve your financial goals.