Wouldn't it be nice to have a mortgage that's more than just a means of buying your home? A mortgage that actually lets you live your life. Our Freestyle® Mortgage from Standard Life Bank offers just that.
- Overpay or offset your savings to pay off your mortgage quicker. Click here to find out how many months you could shorten your mortgage by.
- With Freestyle, you could take payment holidays when you need a little help and borrow extra cash at mortgage rates.
Freestyle also provides real value for money over the short and long term.
- We won't make you pay dearly for low headline rates - our rates will remain competitive throughout the term of your mortgage. Compare our rates to our competitors and see how much you could save.
- Choose from competitive discounted variable or fixed rates. You can even have a combination of both.
- You can get the home you want - we'll lend up to 95% of the value of a property. We calculate the amount you can borrow based on how much you can afford to pay rather than a multiple of your salary - so finding your dream home really can be easy.
- If you're remortgaging and use our solicitors, there are no legal fees to pay and we'll refund the standard valuation fee.
You could use the money you save every month to treat yourself or improve your home. New bed linen? That designer handbag? Or a pampering session at that exclusive salon!
Quickly clear your mortgage
Alternatively, use the cash you free up every month and make it work to your advantage. By making overpayments when you can, you could considerably shorten the life of your mortgage and save money in interest.
Even if you round up your mortgage payment to the nearest £10 or £100 and paid that little extra every month, it would make a difference. Why not use our mortgage calculator to see how much you could save by overpaying?
Save even more
You could make Freestyle work with your savings and save thousands of pounds in interest. This is known as offsetting.
Here's how it works:
You can pay any cash savings you have into an offset account, which is linked to your variable rate Freestyle Mortgage. Each month, whilst we don't pay you interest on this money, we don't charge you any interest on the equivalent amount of money in your mortgage.
Your interest savings let you choose to either:
- keep your payments the same and reduce your mortgage term, or
- have your payments reviewed on the mortgage review date and reduce your monthly mortgage payments.
A little help now and then
But what about the times when you're short of cash? How about being able to miss a mortgage payment? If you have a Cash Reserve or Prepayment Reserve, you could take up to two payment holidays a year. This could be really handy at expensive times of the year like Christmas and the summer holidays.
Freestyle can also give you access to the money that's tied up in your home with Cash Reserve, so you can get the things you need. Use it to pay for anything - a new car, a makeover for your home, or your child's school fees. The great thing about Cash Reserve is that it's available at Freestyle's competitive mortgage rates which, while being a secured form of lending, may be better value for your money than taking out an unsecured personal loan.
A real winner
Freestyle is fast becoming one of the UK's most popular mortgages. It's also an award winner, having picked up several prizes from the people who know mortgages best.
Taking the next step is easy
Interested? Taking out or switching to a Freestyle Mortgage from Standard Life Bank is quick and easy. We do all the hard work for you. Check out our website at www.standardlifebank.com now for more information and to start your application online. If you prefer, you can call us direct on 0845 845 8450 or speak to your financial adviser.