Standard Life Bank offers term tracker

The new mortgage, available from today, will track the Bank of England base rate for the entire term of the mortgage without reverting to a standard variable rate. The mortgage will track the base rate at BBR + 0.65% for loans of up to 75% LTV and at BBR 0.71% for loans of up to 90% LTV. Arrangement fees are £799 regardless of the loan size. Will Fraser, national sales managers at Standard Life Bank, says the new product offers new opportunities to intermediaries. “This product gives advisers the opportunity to build a longer-term relationship from the outset, as well as to review their...