Thinking about switching to a new mortgage deal?

We could help you to find a better rate

If you already have a mortgage with us, Birmingham Midshires or TMB, you could switch to a new Bank of Scotland mortgage that works better for your needs.

We may be able to help you to:

  • Borrow more money with your new deal.
  • Change your mortgage term or repayment type.
  • Move your mortgage to another property.
  • Change the names on your mortgage account.

There are no legal fees to pay when you switch deals, unless we need to carry out extra work such as changing the names on your mortgage account, and our basic valuations are free.

To switch your deal, you can find details of the Bank of Scotland rates that might be available to you by selecting the link below. If you are interested in other options which might be available from other providers, you should seek independent advice.

If you are an existing Bank of Scotland customer please call us on 0808 101 0001 to find out what rates might be available to you.

New products range and current rates

You could lose your home if you don't keep up your mortgage repayments

Can I switch to a new deal?

You can apply to switch to a new deal if:

You’re up to date with your mortgage payments
If your mortgage is currently in arrears, you won’t be able to apply.

You have at least 2 years left of your current mortgage term
If you have less than 2 years remaining but would like to discuss your options, please call us:

  • If your mortgage is with Bank of Scotland on 0808 101 0001
  • If your mortgage is with TMB on 0808 145 0378
  • If your mortgage is with Birmingham Midshires on 0800 056 2980.

All our lines are open Monday – Friday 8am – 8pm, Saturdays 8am – 1pm.

We'll just need to ask you a few questions about your existing mortgage and your current circumstances, such as your income and expenses, to help you switch to a new deal.

If you’re moving home or thinking about asking to borrow more money with your new deal, you’ll also need to send us proof of your income.
 

What else do I need to do?

You should tell us about any charges on your current property, other than your mortgage.

It’s important to note that some of your current mortgage features may not be available with a new deal.

We’ll discuss both of these points with you when you apply.

How to apply

Let’s find your new deal together

When you’re ready to look for your next mortgage deal, the first step is to talk to one of our Mortgage Advisers. You can call us on the number below. We’ll ask about your income and expenses and take a few details to understand what’s most important to you. The call should take about an hour.

How to call us

If you have a TMB or BM mortgage you can discuss your options by calling us on 0345 608 0263. Lines are open Monday – Friday 8am to 8pm, Saturday 9am to 4pm.

If you have a Bank of Scotland mortgage account number that starts with ‘70’, find out how to contact us if you want to talk to us about a new deal.

Please note that our lines are extremely busy at the moment, so you may have to wait longer than usual for us to answer your call.

Useful Information

Here are some of the questions we’re asked most often about switching mortgage deals