First Time Buyer
Skipton to offer new 7- and 10-year fixes from 3.99%
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.”
Related Posts
- Mortgage rates fall for eighth consecutive week as Nationwide, NatWest and HSBC drop prices
- Half a million homeowners face festive fixed rate mortgage crisis
- Mortgage war continues as rates fall below 5%: Barclays, Virgin Money, HSBC, The Mortgage Works and YBS slash prices
- Hey gig spender: Third of music fans would dip into mortgage pot to buy concert tickets
Tag Box
There are 0 Comment(s)
Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?
Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...
Is now the time to fix your energy deal?
Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...
Octopus steps in to buy Shell Energy – what customers need to know
The deal is expected to complete in the fourth quarter of 2023 and will take Octopus Energy’s retail supply ...
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.
The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts
A number of banks are luring in new student customers with cold hard cash this year – while others are compe...
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Money Tips of the Week
© AE3 Media Ltd, 21 Great Winchester Street, London EC2N 2JA, Company.