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Standard Life Bank improves buy-to-let products

Standard Life Bank says it has improved its buy-to-let mortgage to help parents wanting to buy a property for their children going to university.

Aimed at non-professional landlords Standard now places no restriction on student letting and will give loans on studio flats.

There is a six month discounted variable rate of 4.24 per cent which then rises to an APR of 5.4 per cent. For customers looking for greater security there is a fixed rate of 6.10 per cent for three years and 6.15 percent for five years.

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