New two-year fixed range from Skipton

Skipton Building Society has launched a residential two-year fixed mortgage range with rates dropping by up to 0.40 per cent.

The new range offers a choice of fee and rate blends to maximise choice and flexibility and are vailable for purchases and remortgages.

Skipton anticipates that it will attract plenty of interest from homebuyers keen to fix their payments with the continuing possibility of a Bank of England Base Rate increase.

Kris Brewster, the society’s head of products, said: “As we strive to offer our customers best value products we’re constantly monitoring the marketplace and adjusting our products and interest rates to make sure they remain attractive. These latest reductions ensure they remain among the best value available as we continue to lend strongly in line with our commitment to helping people to achieve their homeownership aspirations.

“We’re pleased to offer this new product range, which offers fee and rate options to suit a number of different borrower requirements.

“We’re continuing to lend strongly, in line with our commitment to doing everything to help borrowers, and the ongoing popularity of our products is a reflection of that.”

Two-year residential fixes

• 2 Year Fix at 1.92% (new product) to 60% LTV with a £195 application fee and an £800 completion fee;
• 2 Year Fix at 2.49% (was 2.59%) to 60% LTV with no application or completion fee;
• 2 Year Fix at 2.34% (was 2.59%) to 75% LTV with a £195 application fee and a £300 completion fee;
• 2 Year Fix at 2.76% (was 2.95%) to 75% LTV with no application or completion fee;
• 2 Year Fix to 2.99% (was 3.39%) to 85% LTV with a £195 application fee and a £300 completion fee;
• 2 Year Fix at 3.23% (was 3.55%) to 85% LTV with no application or completion fee;
• 2 Year Fix to 3.89% (was 4.29%) to 90% LTV with a £195 application fee and an £800 completion fee;
• 2 Year Fix at 4.19% (new product) to 90% LTV with no application or completion fee.