Skipton Building Society has launched a new range of tracker mortgages, with a range of fee options, including higher LTV products with no completion fees.
At 60% LTV, Skipton is offering a two-year base tracker at Bank Base Rate (BBR) + 1.48% (currently 1.98%) for two years from completion. There is a an application fee of £195 and a completion fee of £1,800.
Alternatively, it is offering a BBR plus 1.88% (currently 2.38%) tracker for two years from completion, with an application fee of £195 and a completion fee of £800.
At 75% LTV, there is a tracker at BBR plus 2.18% with a completion fee of £800 or BBR plus 2.48% with no completion fee. Both come with a £195 application fee.
Skipton is also offering trackers at 80% and 85% LTV.
There are early repayment charges with all the deals of 3% of capital repaid plus interest to the end of the month.
Overpayments of up to 10% per annum allowed without penalty and free legals and valuations are available for re-mortgages.
These new products are available both direct through the Society’s Skipton Direct customer service centre and branches, and via intermediaries.
Kris Brewster, Skipton’s head of products, said: “As part of our commitment to increasing lending throughout 2011
