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Skipton Building Society – 3-Year Base Rate Tracker

Skipton Building Society – 3-Year Base Rate Tracker

Type: Tracker mortgage

Tracker term: Three years

Tracker rate: 2.38% above the Bank of England base rate

Payable rate: 2.88%

Minimum loan: No minimum

Maximum loan: Up to 60% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the tracker period, free valuation and free legal fees for remortgages, available direct and through intermediaries

Arrangement fee: £995 completion fee

Redemption fee: 5% of the amount repaid in year one, 4% in year two, 3% in year three

Introducer’s fee: Refer to lender

Contact: www.skipton-intermediaries.co.uk

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