Skipton Building Society will tomorrow (4 June) launch a new residential Fixed Rate mortgage range, including new two- and five-year fixed rate products with no fees.
The society will also reduce the rates on all of its three-year fixed-rate mortgages and selected two-year fixed offers. Reductions will reach up to 0.3 percentage points.
The new residential range offers choice of fee and rate blends to maximise choice and flexibility, Skipton says.
Highlights of the new range include:
For homebuyers
- 2.3 per cent two-year fixed rate mortgage at 85 per cent loan-to-value (LTV) and with a £995 fee
- 3.99 per cent three-year fixed rate mortgage at 90 per cent LTV and with no fee
- 4.39 per cent five-year fixed rate mortgage at 90 per cent LTV and with no fee
For remortgage customers
- 1.99 per cent two-year fixed rate mortgage at 60 per cent LTV with no fee
- 2.38 per cent three-year fixed rate mortgage at 60 per cent LTV with no fee
Commenting on the launch, Kris Brewster, head of products at Skipton, said:
“These latest reductions in our fixed rates come as Skipton continues to add value to its mortgage range. In the past few months we have removed all upfront application fees, seen large reductions on our rates, and increased brokers’ residential procuration fees to 0.40%.
“Skipton’s clear message is that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale.”
Details about the whole Fixed Rate range can be found on the society’s website.
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