A number of two-year discounted rate products has been added by Skipton Building Society to its mortgage range.
These new products are available through the mutual’s Skipton Direct customer service centre, branches and all intermediaries.
New deals include:
- Two-year discount at 2.35% (3.14% discount) to 60% LTV with £195 application fee and £800 completion fee;
- Two-year discount at 2.58% (2.91% discount) to 75% LTV with £195 application fee and £800 completion fee;
- Two-year discount at 4.29% (1.20% discount) to 90% LTV with £195 application fee and £800 completion fee.
Early repayment charges apply to the new products. For two years, it is 1% 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, while free standard legals and valuations are available on all remortgage products.
“We’re always looking for innovative ways to offer our customers a variety of mortgage options, as we know it really isn’t a case of one-size-fits-all when it comes to buying or moving home,” said Kris Brewster, Skipton’s head of products.
“This is the first time we’ve offered discounted rate mortgages for a number of years and we’re really pleased to be able to add them to our mix once again.
“2012 saw Skipton lending strongly, after a threefold increase in 2011. We also were awarded a number of industry awards for the quality and service available to our customers. We’re looking to build on this in 2013, by doing what we can to cater for peoples individual needs through new product options such as those being launched today.”
