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Skipton launches new product range

Robyn Hall

May 9, 2014

Mortgages include a 2-year fix with a rate of 2.38% to 80% LTV.

The building society offers a number of fee free products, including a 2-year residential fix with a rate of 2.49% at 60% LTV and a 5-year fix of 4.28% at 85% LTV.

Its 2-year variable rate products include a new 85% LTV mortgage at 2.70% with no application or completion fee.

Kris Brewster, Skipton’s head of products, said: “We’re pleased to offer this new product range, which offers fee and rate options to suit a number of different borrower requirements.

“We have had to increase the rates on selected products to reflect market swap rate trends, but have ensured that the new range remains attractive, with options for a range of borrowers from ordinary residential homeowners to landlords and those wanting to access the government’s Help to Buy scheme.”

The lowest rate product is a 2-year fix at 1.99% to 60% LTV with a £195 application fee and £800 completion fee.

Its 5-year 90% LTV fixed mortgage meanwhile has a rate of 4.99% also with an application fee of £195 and a completion fee of £800.

All products are available for purchases and remortgages, while overpayments of up to 10% annually are allowed without penalty.

Standard legals and valuations are included.


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