Skipton introduces three-year base rate tracker capped mortgage

This is equivalent to initial monthly repayments of £569 for a £100, 000 repayment mortgage over a 25-year term.

John Goodfellow, chief executive at Skipton Building Society, said: “We are continually developing our extensive range of great mortgages and this one definitely ticks all the boxes with a fantastic rate, at 4.75 per cent, a low cap, at 5.50 per cent and no application fee.

“We are expecting it to be a popular option, especially for those borrowers, such as first-time buyers or couples with young families, who have to keep a tight reign on their finances.”

Interested customers should call 08457 171777 or visit the website for more information.