Skipton fixed mortgage range launched
www.moneynews.co.uk > Mortgages > Skipton fixed mortgage range launched
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Money News |
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Skipton fixed mortgage range launched
Mon 22nd Aug 2005
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The company announced that the new products have rates starting from 4.29 per cent, with a three-year fixed rate mortgage offering no higher lending charge (MIG).
The two-year fixed rate mortgage with no application fee offers 4.29 per cent interest, the three-year product is fixed at 4.59 per cent till October 31st 2008, while the three-year fixed mortgage with no higher lending charge is fixed at 5.19 per cent. The five-year fixed rate mortgage is fixed at 4.59 per cent to October 31st 2010 and all products revert to the society's residential SVR (currently 5.89 per cent) after the fixed rate period.
Skipton said in a statement that all the fixed rate products offer free legal fees (through Skipton Home Conveyancing Service) and free valuation on all residential remortgage cases, free accident, sickness and unemployment (ASU) cover for six months, and flexible benefits, such as daily interest, overpayments and payment holidays.
Jennifer Holloway, head of media relations at Skipton Building Society, commented, "Previously only available to home buyers, Skipton's two-Year Fixed Rate Mortgage proved so popular we've decided to offer it to everyone.
"With such a low rate and no application fee, I'm sure its popularity will continue. And for borrowers looking to set their repayments for a longer time, our three-year and five-year fixed rate deals will fit the bill – especially as one has no Higher Lending Charge to help ease the costs involved in buying a home."
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