Scottish Widows Bank has a new tracker mortgage to offer customers through the Legal and General Mortgage Club.

The product is available to those seeking to remortgage, as well as new purchases, with up to 75 per cent loan-to-value. However the high arrangement fee of £999 could deter many customers, despite being able to add the charge onto the mortgage balance.

The deal is a two-year tracker rate mortgage set at 5.99 per cent. This is 0.99 per cent above the Bank of England base rate.