A Skipton Building Society mortgage could help those on an increasing SVR.

The Skipton Building Society mortgage range could help SVR mortgage customers who have been notified of a rate increase.

The Skipton Building Society mortgage range includes various competitively priced 3 and 5 year fixed rate options which could benefit those home-owners advised their rate will go up in May.

Skipton is the UK's fourth largest building society and its 5 year fixed rate mortgage for 75 per cent LTV is available at 4.49 per cent fixed until the 30 June 2017. This competitive 5 year deal has an application fee of £195 and a completion fee of £800.

A Skipton Building Society mortgage 3 year deal is also offered for 75 per cent LTV at 4.19 per cent fixed until 30 June 2015. An application fee of £195 and a completion fee of £800 will be charged.

When mortgage-holders come to the end of their agreed term the deal they usually reverts to their lender's SVR. In light of recent SVR increases it is predicted that around a million households could shortly see their monthly mortgage repayments increase.

Those subject to rate increases are recommended to look around and compare remortgage rates through 'whole of market' broker Deal Direct. We can compare all UK remortgage rates on offer and arrange for you to switch to a new product such as a Skipton Building Society mortgage.

For the security of knowing monthly repayments will not rise, a fixed rate option may be the way to go. For independent advice as to which deals are the best suited to you, contact Deal Direct who can compare all lenders rates on your behalf.