New direct deals from the Skipton

Published on

Skipton Building Society

Skipton Building Society has today launched two new direct mortgages.

Key Product Details:

Two-year fixed rate to 90% LTV
Interest rate: 5.58%;
Fixed until: 30 September 2014.
Two-year base rate tracker to 75% LTV
Interest rate: 3.49% (Bank Base Rate plus 2.99%);
Until: two years from completion.
Criteria applicable to both of the above products:
Application fee: £195, completion fee: £800;
Early repayment charge: 3% plus interest to the end of the month during product term;
Revert to Bank Base Rate plus 4.45% (currently 4.95%);
Overpayments of up to 10% per annum allowed without penalty;
Free legals and valuations available for remortgages.
These new products are available through the Society’s Skipton Direct customer service centre and branches.

“With some market speculation that Bank Base Rate could remain at its current level until well into 2013, we’ve seen some increase in demand for tracker products, and we’re catering for this by adding another product to our range,” said Skipton’s head of products, Kris Brewster.

“We’re also continuing to provide as much help as we can for people with reduced deposits, by making one of our new deals available at up to 90% LTV.

“All of these new products complement our varied existing range, which provides for people with a range of deposit sizes and needs, whether they prefer fixed or variable products, short or longer mortgage terms and are purchasing their own home, or investing in property.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Other news

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...