Standard Life drops mortgage rates

04 January 2006
Standard life is giving customers a helping hand in the New Year by dropping the rates on its Freestyle two-year fixed rate mortgage.

These have been cut by 0.25 per cent to 4.59 per cent for up to 75 per cent loan to value (LTV).

The Freestyle mortgage also has a range of features including overpayment options, cash reserve, product mixing and booking fees to loan.

A spokesperson for Standard Life said: "Feedback from our key distribution partners is that consumers are currently more receptive to shorter term products.

"Our award-winning mortgages and our flexible proposition enables Standard Life Bank to offer short-term benefits coupled with long-term value."

A survey by accountancy firm Grant Thornton revealed this week that the average British family is in debt to the tune of £7,650 - not including mortgage payments.

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