You are here: Home - Mortgages - First Time Buyer - News -

Skipton to offer new 7- and 10-year fixes from 3.99%

0
Written by:
06/07/2012
Skipton Building Society is launching a range of new 7- and 10- year fixed rate mortgage options, targeting customers looking to looking to borrow over a longer period.

The society said the new rates will allow borrowers to ‘insure’ themselves against any potential rate increases in future. The deals are available up to 85% loan-to-value (LTV) with rates starting at 3.99%.

The 7-year fixed rate option is available at 75% LTV at a rate of 3.99% and up to 85% LTV at 4.89%.

Two 10-year deals are also available, at a rate of 4.49% for mortgages up to 75% LTV and 4.99% for those up to 85% LTV.

All four products have an application fee of £195 and a completion fee of £800 and will revert to the Bank of England’s base rate plus 4.45% upon completion.

Kris Brewster, Skipton’s head of products, commented:

“Market swap rates remain unusually low. Therefore, we’ve seized the opportunity to provide these really competitive longer term deals, for people whose priority is having certainty over their monthly mortgage payments for the longer term.

“These kinds of rates on long-term mortgage products would have been unheard of just a few years ago and therefore, we believe, they really do represent a golden window of opportunity for savvy borrowers.”

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2189809-money-house
Further house price growth in June

House prices in the UK have grown for the second consecutive month, according to the latest Halifax house price index.

Close