The Skipton Building Society has unveiled a new range of fixed and tracker mortgage products.

Products include:
Two year fixes

• Two-year fixed rate to 50% LTV at 2.39% (was 2.55%)
• Application fee: £195, completion fee: £800

• Two-year fixed rate to 60% LTV at 2.55% (was 2.69%)
• Application fee: £195, completion fee: £800

• Two-year fixed rate to 75% LTV at 2.98% (was 3.18%)
• Application fee: £195, completion fee: £800

• Two-year fixed rate to 75% LTV at 3.18% (was 3.38%) – no fee
• No application or completion fee

• Two-year fixed rate to 85% LTV at 3.98% (was 4.18%)
• Application fee: £195, completion fee: £800

• Two-year fixed rate to 85% LTV at 4.18% (was 4.38%) – no fee
• No application or completion fee

• Two-year fixed rate to 90% LTV at 4.99% (was 5.48%)
• Application fee: £195, completion fee: £800

Criteria applicable to all of the above products

• Fixed until 28 February, 2015;
• Early repayment charge: 3/2% of capital repaid and, after the product end date, interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

Five year fixes

• Five-year fixed rate to 60% LTV at 3.08% (was 3.49%)
• Application fee: £195, completion fee: £800

• Five-year fixed rate to 85% LTV at 4.48% (was 4.69%)
• Application fee: £195, completion fee: £800

• Five-year fixed rate to 85% LTV at 4.68% (was 4.89%) – no fee
• No application or completion fee

Criteria applicable to all of the above products

• Fixed until 28 February, 2018;
• Early repayment charge: 5/5/5/4/3% of capital repaid and, after the product end date, interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

Two year trackers

• Two-year tracker to 75% LTV at Bank of England Base Rate (BBR) plus 2.38% (currently 2.88%)
• Application fee: £195, completion fee: £800

• Two-year tracker to 80% LTV at BBR plus 3.38% (currently 3.88%)
• Application fee: £195, completion fee: £800

• Two-year tracker to 85% LTV at BBR plus 2.88% (currently 3.38%)
• Application fee: £195, completion fee: £800

• Two-year tracker to 90% LTV at BBR plus 4.39% (currently 4.89%)
• Application fee: £195, completion fee: £800;

Criteria applicable to all of the above products

• Tracker period applies for two years following completion
• Early repayment charge: 1% of capital repaid for two years and, after the product period, interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

N.B. All of the above products will move onto the Skipton’s residential Mortgage Variable Rate (MVR) at the end of their term, which is currently set at 5.49%.
All other products remain available and unchanged, apart from the five-year fixed rate deal to 50% LTV, which is being removed.

Kris Brewster, the Society’s head of products, said: “With the interest rate landscape currently looking like it could remain exceptionally low for some time yet to come, we decided it is time to re-introduce tracker products to our range.

“We have seized the opportunity to introduce some new, competitively priced, tracker deals, to provide an additional element of choice for those customers preferring to take the risk of a potential rate rise, in return for a slightly lower rate up front.

“We’re also making significant reductions to some of our fixed rates, partly in response to competitor movements, and partly in reflection of our commitment to continuing to assist homeowners with strong lending both for the rest of this year and into 2013.”