Skipton Building Society has reduced rates on selected products in its two- and five-year fixed rate mortgage range by up to 0.65 percentage points. The new deals will be available to customers from 14 August and there are free valuations offered on all of them. Skipton highlighted its fee-free five-year 2.7 per cent fix at 70 […]
Skipton Building Society has reduced rates on selected products in its two- and five-year fixed rate mortgage range by up to 0.65 percentage points.
The new deals will be available to customers from 14 August and there are free valuations offered on all of them.
Skipton highlighted its fee-free five-year 2.7 per cent fix at 70 per cent loan-to-value (LTV) for homebuyers, while for remortgage clients there is a five-year fixed deal at a rate of 2.72 per cent and no fee (70 per cent LTV).
Higher LTV products could also catch they eye of prospective borrowers as the most significant rate cuts were made in the 85-90 per cent LTV range, Skipton says.
The society offers a “mix and match” approach to most deals in its two- and five-year range so customers can choose the fees and rates that best suit them.
Kris Brewster, Skipton’s head of products, said:
“We’re pleased to be able to lower rates across a range of short-term and longer-term fixed mortgages as well as include free valuations on all our new purchase products. We continue to offer fee and rate options to suit a number of different borrower requirements.
“Our mortgage products continue to have an emphasis on offering wide choice and good value, along with our commitment to doing everything to help borrowers.”
All the below criteria apply to the new mortgage offers
- Early repayment charges of 2/1% until 30/11/17 (two-year fixes) and 5/5/4/3/2% until 30/11/20 (five-year fixes), of capital repaid then interest to the end of the month;
- Overpayments of up to 10% per annum allowed without penalty;
- Available for purchases and remortgages;
- Free standard legals and valuations for remortgages;
- Free valuations on all new purchase products.
