Commenting on the move, David Macmillan, sales and marketing director at Standard Life Bank, said: “Our fixed rates give customers certainty and peace of mind. By placing our Freestyle mortgage at the centre of their financial planning, our customers can sort out their finances and plan for a better future.
“We don’t believe fixed rate deals should be inflexible or ‘one-size-fits-all’. Fixed rate mortgages from Standard Life Bank come in all shapes and sizes, allowing customers to choose a fixed rate mortgage that suits their individual needs.
“First, customers can choose the length of the fixed rate term: from two, three, five or ten years. Then they can choose whether they would like us to help with valuation fees or legal costs, helping to reduce the hassle of remortgaging.
“Finally, all of our fixed rate mortgages allow homeowners to chose to overpay up to ten per cent of their outstanding mortgage balance each year, allowing them to pay off their mortgage quicker and potentially saving thousands of pounds in interest payments.”
