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Skipton Building Society -Flexible Base Rate Tracker Capped Rate

Skipton Building Society

Flexible Base Rate Tracker Capped Rate

Type: Flexible capped-rated tracker mortgage

Capped term: Three years

Capped rate: 5.5%

Tracker term: Three years

Tracker rate: 0.25% above Bank of England base rate

Payable rate: 4.75%

Minimum loan: 25,000

Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 400,000, up to 85% of valuation subject to a maximum of 500,000, up to 80% of valuation subject to a maximum of 750,000, up to 75% of valuation subject to no maximum
Income multiples: Up to four times principal income plus second or 3.25 times joint

Conditions: Capital repayments of up to 10% a year allowed without penalty, free legal fees and free valuation for properties up to 500,000 for remortgages, free mortgage payment protection insurance for the first six months

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily

Arrangement fee: 449

Redemption fee: 2% of amount repaid in year one, 1% in years two and three

Introducers fee: Subject to negotiation

Tel: 08706 061621

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