The One Account

The One Account is a current account mortgage that allows customers to shrink their mortgage balance by combining their income, savings and other finances into the same account. Part of the Bank of Scotland, the One Account allows customers to make one single repayment on all their debts for convenience and, moreover, to make more efficient and practical use of their finances. Since the One Account is entirely flexible it also affords accountholders the opportunity to make overpayments, underpayments and to take repayment holidays. For more information on the One Account or to apply online please click on the links below.

Compare The One Account

Mortgage Type

Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years.
Tracker: The interest rate rises and falls with the Bank of England base rate.
Standard: The interest rate rises and falls with the provider’s standard interest rate (SVR).
Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period.
Buy to Let: For landlords purchasing a property for letting.

Initial Rate

The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.

Initial
Term

The length of time that the initial interest rate applies to the mortgage.

Final
Rate

The interest rate that your mortgage will revert to after any introductory rates have finished.

APR

This is the mortgage’s Annual Percentage Rate: the interest rate that you will be charged on your mortgage including all charges such as arrangement fees (also referred to as Cost For Comparison).

Loan to value

The percentage of a property’s value for which the mortgage can be used.
Example: 75% loan to value = 25% deposit.

Fee to
Apply

This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.