Standard Life Bank's new rates start from just 5.39% (APR 6.20%) on its five-year product*, available up to 50 per cent LTV.
The revised rates make Standard Life Bank one of the most competitive lenders on the verified products filtered selection of Mortgage Brain, the mortgage sourcing system.
While borrowing at a fixed rate, customers can also use the flexible benefits of Standard Life Bank's Freestyle mortgage, such as the ability to make overpayments, and access their Cash Reserve for further borrowing at mortgage rates. There will be no change to Standard Life Bank's competitive £299 booking fee to secure the new rates, available from 7 October 2004.
The new rates will be available on all three and five year fixed rate mortgages from this date.
*Product makes no contributions to costs
Details of the re-priced fixed rate products are as follows:
Fixed until 12/12/2007 - NO CONTRIBUTION TO COST
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up to 50% LTV - 5.39% APR 6.20%
50.01 - 75% LTV - 5.44% APR 6.30%
75.01% - 90% LTV - 5.64% APR 6.30%
90.01% - 95% LTV - 5.84% APR 6.50%
Fixed until 12/12/2007 - WITH CONTRIBUTION TO COST
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up to 50% LTV - 5.60% APR 6.30%
50.01 - 75% LTV - 5.65% APR 6.30%
75.01% - 90% LTV - 5.80% APR 6.30%
90.01% - 95% LTV - 6.00% APR 6.60%
Fixed until 10/12/2009- NO CONTRIBUTION TO COST
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up to 50% LTV - 5.44% APR 6.20%
50.01 - 75% LTV - 5.64% APR 6.20%
75.01% - 90% LTV - 5.84% APR 6.30%
90.01% - 95% LTV - 6.04% APR 6.50%
Fixed until 10/12/2009 - WITH CONTRIBUTION TO COST
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up to 50% LTV - 5.65% APR 6.20%
50.01 - 75% LTV - 5.75% APR 6.30%
75.01% - 90% LTV - 5.94% APR 6.30%
90.01% - 95% LTV - 6.14% APR 6.60%
