David Macmillan, Standard Life Bank director of sales and marketing, commenting on the new products said: “As rising consumer debt remains a concern it is vital that homeowners take stock of their finances now. With the new range offering variable rates as low as 1.00% per annum, customers can take advantage of these great discounts to consolidate their current financial commitments.
“These new products also have the added advantage of being available with flexible features such as Offset and Cash Reserve* so homeowners can continue to get their finances in shape long after their initial discount ends.
“Homeowners can use our new Freestyle discount products to make their lives easier, whether they are climbing the property ladder for the first time or are on their second or third house. For example some may wish to consolidate and reduce debt, ease the cost of starting a new family or even help cover the expense of moving house. Others may wish to overpay on top of their discount period to help reduce their mortgage term.
Mr Macmillan added: “In the new regulated environment Standard Life Bank remains committed to making it easier for customers to manage their finances more effectively.”
The new products are available from 1 November and are available with Offsetting and Cash Reserve* features. There is no activation fee for the Offset Reserve representing a saving of £150.
