Standard Life two-year fixed rate mortgage lowered
www.moneynews.co.uk > Mortgages > Standard Life two-year fixed rate mortgage lowered
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Money News |
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Standard Life two-year fixed rate mortgage lowered
Wed 4th Jan 2006
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Standard Life is offering the mortgage product at a two-year fixed rate of 4.59 per cent for up to 75 per cent loan-to-value.
The rate drop is only available for a limited period and will mean a 0.25 per cent cut from the previous rate, the bank said.
Will Fraser, national sales manager at Standard Life Bank, said: "Consumers are currently more receptive to shorter term products. Our award winning mortgages and our flexible proposition enable Standard Life Bank to offer short-term benefits coupled with long-term value."
After the initial fixed rate period, the rate on the Standard Life two-year fixed rate mortgage moves to the bank's Freestyle standard variable rate of 5.95 per cent.
The overall cost for comparison of the mortgage product is six per cent annual percentage rate, the bank added.
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