New 2 year fixed rate mortgage launched by Skipton
A new 2 year fixed rate mortgage has just been launched Skipton to values from 60 per cent up to 95 per cent. They replace the Lenders’s previous range of short term fixes.
Skipton's new mortgage rates start at 3.58 per cent for a 2 year fixed rate mortgage which is available at 85 per cent LTV, there is a completion fee of £800 and an application fee of £195. Skipton offer a completion fee free version of this mortgage which is available at a rate of 3.78 per cent, an application fee of £195 will be charged.
Each product has an early repayment charge of 3 per cent of the capital repaid plus interest to the end of the month. Overpayments of up to 10 per cent per year are permitted without penalty. After 30th April 2014, all products will revert to the Bank Base Rate plus 4.45 per cent.
Kris Brewster, head of products at Skipton, said of their new 2 year fixed rate mortgage : “We’re delighted to be launching another strong range of short term fixes after our previous offering proved extremely popular. Although we have had to increase a couple of the rates marginally to allow for increasing swap rates, they continue to offer a combination of good value and choice and there are also a couple of new deals included.”
