Scottish Widows Mortgage Quotes

Scottish Widows Bank is wholly owned by Scottish Widows Group Limited. Founded in 1815, Scottish Widows is one of Britain's strongest and most respected financial institutions and the Bank is proud to continue the tradition of providing quality products and services. Scottish Widows Bank was founded in 1995 and offers a range of High Interest Deposit Accounts, Scottish Widows Mortgages, Home Equity Loans and Policy Loans.

Scottish Widows History
In March 1812, a number of eminent Scotsmen gathered in the Royal Exchange Coffee Rooms in Edinburgh, to consider the prospectus setting up 'a general fund for securing provisions to widows, sisters and other females'. These were the relatives of deceased clergymen, schoolmasters and the like, and the fund was designed as a safety net should these widows, sisters and other females be left poverty-stricken, as was all too common in the 19th century.

The original prospectus promoted a plan for establishing a general fund for the purpose of insuring capital sums on lives. But even the first statement of principles upon which Scottish Widows would be built, indicated that this would be an organisation with broader horizons than other, similar institutions of the time. It proposed 'the formation of a General Society, with similar but enlarged views, the benefit of which may be extended to all parts of the United Kingdom.'

The Scottish Widows Fund and Equitable Assurance Society - Scotland's first mutual life office - opened for business in 1815. It was located at the home of its first manager, William Wotherspoon, close to the west end of what is now Chambers Street in Edinburgh.