L&G launches Skipton exclusive

The fixed rate mortgage is available on loans up to 65% LTV with a rate of 2.69% for purchases and remortgages. It has no application fee and has a completion fee of £495.

It also offers free standard legal fees and valuation on remortgages up to a maximum valuation of £500,000.

Martyn Smith, head of mortgage products, Legal & General Network, said: "Mortgage rates have continued to tumble in recent weeks and this new exclusive from Skipton Building Society has been priced to compete head on with the best rates currently available for both purchase and remortgage.

“There is no upfront booking fee and the completion fee is low at £495. Combined with a free valuation and legal fees remortgage package, this product is ideal for those looking to move to a lower rate with minimum costs."

Paul Darwin, head of intermediary sales at Skipton Building Society, said: “At Skipton, we’re doing everything we can to support homeowners and the mortgage market at large, with continued strong lending based around a comprehensive suite of core deals. These range from market leading two-year fixes for people with 50% deposits, to longer-term mortgages for people whose priority is monthly payment certainty, and products up to 90% loan-to-value to help first-time buyers and home movers whose equity has been hit by current market conditions.

“However, we hugely value our relationships with key intermediary networks like L&G Mortgage Club and are delighted to offer these latest exclusives, tailored to feedback about customer needs which they have received from their clients.”