It has launched an expanded range of two, three and five-year fixed rate mortgages with a choice of fees and rates starting from 4.99 per cent.
Colin Dale, head of lending at Skipton Building Society, commented: “With talk of interest rate rises hanging heavily in the air, it comes as no surprise to anyone that fixed and capped rates are the products of choice for the vast majority of borrowers. We’ve therefore decided to relaunch our two-year, three-year and five-year mortgages with a range of interest rates and fees to expand the options available to suit each homebuyer’s needs. For example, for those who need to keep initial costs to a minimum, paying a slightly higher rate but a smaller completion fee often works for them. Alternatively, for those whose priorities lie in keeping monthly repayments as low as possible, paying a higher completion fee in tandem with a lower rate will be the better choice.”
