Skipton announce new seven-year fixed rate products

Skipton announce new seven-year fixed rate products

Skipton Building Society has announced that it has introduced two new seven-year fixed rate mortgages to its residential product range.

The seven-year fixes are available at 2.40% up to 75% LTV with a £995 fee and fee-free from 2.65% up to 85% LTV.

Skipton is also reducing rates by up to 0.10% on its current residential five-year fixed purchase products at 85% LTV, starting at 2.14% with £1,995 fee and including a fee free 2.35% rate.


The lender is also launching a new range of three-year buy-to-let and new build products.

The new build purchase-only products include a three-year fix at 2.49% to 90% LTV with a £995 fee and a fee-free three-year tracker at 2.35% to 90% LTV. The new build products all include free upfront valuations.

For purchase and remortgage customers, the new buy-to-let range includes a three-year fix at 2.64% to 70% LTV with a £495 fee, a fee-free rate at 2.92% up to 75% LTV, and a three-year tracker at 2.55% to 75% LTV.

Kris Brewster, the Society’s Head of Products, said: “Although bank base rates remain low, uncertainty remains high, so we are delighted to introduce these seven-year fixed rate mortgages which are likely to appeal to borrowers who prioritise stability and prefer to have certainty over their mortgage payments for a longer period.

With the possibility of future base rate increases, more people may prefer locking themselves into longer fixed-rate deals to insulate themselves from potential interest rate rises.

We are also pleased to launch these new fixed rate buy-to-let products for both purchase and remortgage. In the present environment of low interest rates, buy-to-let would seem to be a more and more attractive proposition for potential landlords.

We are also delighted to offer a new three-year fixed and three-year tracker to our new build range, which offers great value for those wishing to purchase their new home.

We believe our new build residential products offer very attractive rates and will help first-time buyers and those looking to move up the housing ladder to realise their dream of moving into a new property. All new build applications to Skipton are given a priority underwrite within its specialist underwriting team.”

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Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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