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Skipton ditches redemption lock-ins

Skipton Building Society is launching a range of mortgages with no redemption tie-ins.


All loans will have one months&#39 interest penalty on repayment of the loan. There will be no penalty for part capital repayments.


The range offers the choice of three loans, the base rate tracker which tracks the Bank of England base rate and offers a discount for one year, the fees free which offers free valuation and legal fees, a discount plus a £250 cashback or the discount plus mortgage offering a two year discount.


Procuration fees start at £100 but vary depending on the intermediaries relationship with the society.

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