On 1 July Skipton Building Society will introduce a new range of two and five-year fixed rate residential mortgages.
Rates for purchase products start from 1.46% for a two-year fix at 60% LTV.
Other purchase products include a two-year fee free fix at 3.72% to 90% LTV, or 3.64% with £995 fees. Five year fixes include a rate of 2.44% to 60% LTV.
For those wanting to remortgage, fee free products include a two-year fix at 2.45% to 80% LTV and a five-year fix at 2.58% to 60% LTV, or 2.48% with £995 fees.
Criteria applicable to all of the above products:
- Early repayment charges of 2/1% until 30/09/17 (two-year fixes) and 5/5/4/3/2% until 30/09/20 (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.
Kris Brewster (pictured), 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 in this new product range, which, as always, offers fee and rate options to suit a number of different borrower requirements.
“These mortgage products have an emphasis on offering wide choice and good value. 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.”
