Interest rates are being lowered across the range, with fee-free options on purchase products including a 3 year fix at 3.32% to 85% LTV and a 5 year fix at 3.76% to 85% LTV. For those who prefer to pay a £195 application fee and an £1800 completion fee the rates on these equivalent products are 3.02% and 3.44%, respectively.
Fee-free options on remortgages include a 3 year fix at 2.52% to 60% LTV and a 5 year fix at 2.87% to 60% LTV.
Kris Brewster, the Society’s Head of Products, said:
“We are pleased to offer these new competitive rates on 3 and 5 year fixed rate purchase and remortgage products. It means that homebuyers and remortgage customers can have the security of fixing their mortgage payments over a longer period of time. By reducing the rates on our 3 and 5 year fixed products and also offering a variety of fee options, Skipton is continuing to provide products which suit a number of different borrower requirements.”
