Skipton Building Society will tomorrow launch a new range of two and five-year fixed rate residential mortgages.
All 85% and 90% LTV products will have the most significant rate reductions and free valuations are offered on all new purchase products.
Purchase products include a five-year fee free fix at 2.70% to 70% LTV, while for those wishing to remortgage, fee free products include a five-year fix at 2.72% to 70% LTV.
Criteria applicable to all of the above products:
- 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.
These new products are available through the Society’s Skipton Direct customer service centre, branches and all intermediaries.
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.”