Skipton launches two-year fix at 2.48 per cent

Skipton Building Society has launched a new two-year fixed rate at 2.48 per cent, its lowest ever rate.

The product, available up to 60 per cent loan to value, has fees totalling £2,000.

The Society is also introducing a number of criteria changes to further enhance its flexible and varied range of mortgages, and make them accessible to even more borrowers. These include higher potential loan amounts up to 80 per cent and 90 per cent LTV and an extension of the period for which mortgage offers remain valid from 3 months to 6 months.