Skipton Building Society has made a number of changes to its fixed interest rates and fees.
The Society has lowered its completion fees from £995 to £800 (an application fee of £195 continues to apply to all products), while continuing to offer low-fee options for borrowers who prefer to pay slightly more interest over their product term in return for lower up-front costs.
Many rates have also been reduced across Skipton’s fixed rate range, by between 0.07 per cent and 0.50 per cent.
The completion fee on the two year base rate tracker range has also been reduced from £995 to £800 with rates remaining unchanged and starting from BBR + 1.78 per cent.
Skipton’s head of products, Kris Brewster, said: “At Skipton, we’re continuing to provide borrowers with value, flexibility and choice, with competitive mortgages designed to help them achieve their homeownership aspirations despite continued economic and market challenges.
“We’re constantly listening to customer feedback – and monitoring market developments – so that we can continually review our offering and ensure it remains competitive, and the latest changes to our mortgage range reflect that.
“Not only do these new products and fee arrangements ensure our mortgages remain among the most competitive available, but they follow a number of innovations over the past year which have made Skipton one of the only providers offering low-deposit mortgages to first and next time buyers, and re-entering the buy-to-let arena to help cater for burgeoning demand.”
