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.
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 9am – 5pm.
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.
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 9am - 5pm.
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.
Here are some of the questions we’re asked most often about switching mortgage deals
No, at the moment you can only apply over the phone.
Normally around 8 weeks but in some cases it could take longer, depending on the features of your mortgage.
We may not be able to offer you the same features of your existing mortgage as each mortgage we offer has different terms and conditions. If you apply, one of our mortgage advisers will explain the details and help you to understand how switching mortgages might affect you.
You can apply if you've taken a payment holiday we've agreed with you, so long as your mortgage is up to date and not in arrears.
You can still switch to a new deal but you won’t be able to apply to borrow more money or move your mortgage to another property.
It’s important to tell us about any other charges when you apply.
You can still apply for a new deal on your current property but you won’t be able to borrow more money or extend your mortgage term.