New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Another mortgage lender cuts mortgage rates
Thu, 11 Aug 2005
Standard Life Bank became the latest mortgage lender to cut mortgage rates following last week's decision to cut interest rates.

The mortgage lender's announcement comes exactly a week after the Bank of England's Monetary Policy Committee voted to reduce interest rates by a quarter per cent, to 4.50 per cent.

The flexible mortgage specialist has announced that it will also make a quarter per cent rate cut by reducing its standard variable rate to 5.95 per cent. "Standard Life Bank is passing the full interest rate reduction to its customers," said the mortgage lender's head of marketing, Andrew Boddie.

This new mortgage rate will be effective from September 1st. In addition to the mortgage rate cut, Standard Life Bank also launched a new nine-month discounted Freestyle mortgage for first time buyers , homeowners and those looking to find a remortgage .

The mortgage rate over the nine-month period is set at a variable rate of 4.55 per cent. "At Standard Life Bank we design our products to suit the needs of our customers through every stage of their life," Mr Boddie commented.

Link to this page

Copy and Paste the following HTML into your page.

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.
Browse

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.
Sign the petition

Free mortgage quoteFree Mortgage Quote

Apply Here

Mortgages in Scotland Mortgages in Scotland

Read More

Equity releaseEquity Release

  • Unlock equity in your home.
Apply Here

Switching mortgagesSwitching Mortgages

Read More

Home reversion plansHome Reversion Plans

Apply Here

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?
Apply Here

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation
Apply Now

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover
Apply Now

Mortgage Newsletter