Freestyle® Tracker Mortgages from Standard Life Bank
A flexible, base rate tracker mortgage. Your client's rate changes in line
with the Bank of England base rate.
If your client is looking for a Bank of England base rate tracker mortgage
that also offers flexible options such as unlimited overpayments, Offsetting,
the ability to borrow more, or borrow back overpayments, this could be
the mortgage for them.
Key Features
Freestyle Tracker mortgage is available with these features:
Remortgage package - No standard valuation fee and no standard legal
fee with our Freestyle remortgage package. Only available for remortgages
Cash Reserve - Borrow additional funds at mortgage rates, for
any reason and at any time
Unlimited Overpayments - Make regular or lump sum overpayments
(minimum lump sum £1,000) to reduce the term or monthly payments. Early repayment
charges apply if your client's mortgage is repaid in full within the tie-in period
Borrow back overpayments - Your client can borrow back overpayments at their current tracker rate or choose from our additional
borrowing product range available at that time
Add fees to loan - Reduce your client's initial costs by adding fees
to the loan. Interest will be charged on your client's fee account at the
Freestyle standard variable rate. Fees up to £3,000 or 2% of the property value can be added to the loan, whichever is lower
Payment holidays - Your client can take up to 2 payment holidays per year subject to sufficient funds in their Cash Reserve or Prepayment Reserve.
The Facts
Freestyle Tracker is a variable tracker mortgage and tracks the Bank of
England base rate which can go up or down, affecting monthly repayments
Early repayment charges apply. See our tariff
of charges for further details
An arrangement fee applies
The Offsetting and Cash Reserve features are optional and each have a one-off
set up fee of £99. An admin fee of £20 is payable each time your client borrows from their Cash Reserve or Prepayment Reserve
Adding fees, borrowing more with Cash Reserve, or borrowing back any overpayments
made will increase your client's payments, interest payable and remaining balance secured on their property.
Admin fees may also apply
Borrowing additional funds is subject to lending criteria and to a minimum borrowing amount of £1,000
Your client needs to give 22 days' notice before taking a payment holiday and must have made 6 consecutive monthly payments. Their monthly payments, the interest
payable and the remaining balance secured on their property will increase
The information on this site is for qualified advisers only and must not be relied on by anyone else.
If you are not an adviser you should go to our
main website
for information about our products and services.
Please note that adviserzone features UK and offshore products provided
by Standard Life Assurance Limited and other subsidiaries of Standard Life
plc. Click
here for a list of product providers.
Standard Life Assurance Limited (SC286833) is registered in Scotland at Standard
Life House, 30 Lothian Road, Edinburgh EH1 2DH and is authorised and regulated
by the Financial Services Authority. 0131 225 2552. Calls may be recorded/monitored.
Rates 
