New Skipton Building Society mortgages launched

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New Skipton Building Society mortgages launched

Fri 26th Jan 2007

Skipton Building Society is the latest mortgage lender to react to the Bank of England's base rate spike by introducing five new products to the marketplace.

The relaunch of its fixed-rate product range has resulted in mortgage rates ranging from 5.35 per cent to Skipton Building Society three-year fixed-rate mortgages and five-year products available at 5.69 per cent.

Loan to value of between 75 per cent and 95 per cent are being offered to customers and the range encompasses two, three, five, seven and ten-year fixed-rate mortgage products.

Colin Dale, head of lending at Skipton Building Society, stated: "With the Bank of England's base rate steadily rising, the majority of borrowers are still looking to secure their monthly repayments by choosing a fixed rate mortgage."

"For example, for most first time buyers it is already an uphill struggle to get on to the property ladder and so when they find a mortgage, they want the security of knowing their repayments will remain the same for the entire term."

So that customers can be reassured that they are receiving the best deal, Skipton offers general, jargon-free information about mortgages and can put you in contact with a qualified mortgage adviser to discuss the options available.

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