Rates increased on Skipton Building Society fixed-rate mortgages
www.moneynews.co.uk > Mortgages > Rates increased on Skipton Building Society fixed-rate mortgages
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Money News |
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Rates increased on Skipton Building Society fixed-rate mortgages
Mon 5th Jun 2006
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The pick 'n' fix fixed-rate mortgage range; including one, two and three-year fixed rate mortgages, will all see a rate increase.
Skipton Building Society's one-year bond rate will rise to 5.06 per cent gross per annum, the two-year will rise to 5.16 per cent per annum and the three-year fixed-rate mortgage rate will rise to 5.26 per cent per annum.
Minimum investment is £500, the maximum investment is of £50,000 and there is a maximum of one bond per customer.
John Goodfellow, chief executive at Skipton Building Society, said: "Since we launched our first pick 'n' fix bonds two years ago, they have consistently offered some of the best value on the high street."
The improved rates on Skipton Building Society fixed-rate mortgages come as potential mortgage borrowers face the dilemma of whether to opt for a tracker-rate or a fixed-rate mortgage.
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