View more on these topics

Skipton Building Society – Flexible Three-Year Base Rate Tracker Capped Mortgage

Skipton Building Society

Flexible Three-Year Base Rate Tracker Capped Mortgage

Type: Flexible capped-rate tracker mortgage

Tracker term: Three years

Tracker rate: 0.34% above the Bank of England base rate

Capped term: Three years

Capped rate: 6.34%

Payable rate: 6.09%

Minimum loan: £5,000

Maximum loan: Up to 95% of valuation subject to a maximum of £400,000, up to 90% of valuation subject to a maximum of £500,000, up to 85% of valuation subject to a maximum of £750,000, up to 80% of valuation subject to a maximum of £1m, up to 75% of valuation subject to no maximum

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty, free legal fees through Skipton home conveyancing service and free valuation for remortgages

Flexible features: Overpayments, payment holidays, interest calculated daily

Arrangement fee: £599

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

Introducer’s fee: Subject to negotiation

Tel: 0800 876 6010

Recommended

India is jewel in gold crown

Gold is regaining its lustre with fund managers positive on the commodity as a hedge against rising inflation and stockmarket falls.Net retail investment in the second quarter leapt by 51 per cent in tonnage terms to 132.9 tonnes and 60 per cent in dollar terms to $2.9bn compared to the same period last year, according […]

Music to whose ears?

As we approach the end of summer – and we know it is the end of summer not because of this volatile weather but because the shops are now stocking their new winter ranges – it is time to prepare for a period of change like has never faced financial services before.

Lenders tighten criteria amid sub-prime turmoil

A number of lenders, including GMAC-RFC, have changed criteria and increased rates in response to continued market turbulence.Other lenders have postponed their re-entry into the sub-prime market after withdrawing products. Investec-backed Infinity Mortgages and buy-to-let specialist UX Mortgages, which is funded by Infinity, say they have suspended offer production and are unable to commit to […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com