Call meTell a friendMy quotes

You are here: Home | Mortgages | Our Freestyle Mortgage range | Real life stories | Cash Reserve real life story
Mortgage products provided by Standard Life Bank plc

Cash Reserve real life story




How Cash Reserve works

Find out more about how this flexible Freestyle feature can help you out.
Watch our Cash Reserve demo

One of the great advantages of your Freestyle mortgage is that the flexibility allows you to fund almost anything you like…

The next Red Rum?

Andy Holder drew down a total of £23,000 to buy (in his words) "top notch nookie" for his racehorse. He wanted to breed from his mare, Grand Splendour and the cost of the 'services' provided by the Ireland based champion stallion, Xaar, would be €15,000. Fortunately, he had the money in his Cash Reserve and arranged to have the money released within days. The horses were duly introduced and Andy is now the proud owner of a great colt foal called Larry!

Turning dreams into reality

Robert and Alice Greene used the Cash Reserve feature to buy a dream cottage in France that will be an idyllic place for holidays and maybe even retirement. They originally drew down £80,000 and still have money left to help with the cost of the renovations, "...it will be a dream cottage when it's finished but Freestyle is helping us to fund that too."

Home sweet homes

Gregory Hewitt and his wife Debbie drew down around £50,000 in two instalments, to use as deposits on two buy to let properties. Gregory pointed out that Cash Reserve suits them well as they can draw down any amount they want from their Cash Reserve, when they want it; it only takes a matter of days. Will they buy more properties? "Oh I think so. We've certainly got the bug for it!" They know where to come for their next deposit.

Have your own adventure

Your Cash Reserve may be the perfect way to fund whatever it is you've always dreamed of doing. You could borrow from £1,000 at mortgage rates over a term that suits you. Please note, Cash Reserve is subject to lending criteria and further borrowing will increase your monthly repayments, interest payable and remaining balance. A booking fee may be payable for fixed rates, please see our tariff of charges.


Buying at auction?
Make sure you read our top
10 auction tips before you go
Keep a cool head at auctions
 
Freestyle Fixed
Want the security of fixed monthly payments for a set time?
Calculate monthly repayments
 
Investing in property?
Check out our best Buy to Let rates for a good deal
Freestyle Buy to Let rates

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE