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Skipton launches new fixed rate mortgages

Skipton Building Society is launching new 3-Year and 5-Year Fixed Rate Mortgages, with rates starting from 4.59 per cent.

The two 3-year fixed rates available to October 31 2008 are at 5.19 and 4.59 per cent. The 5-year fixed rate at 4.59 per cent is fixed till October 31 2010. There are no higher lending charges on the 3-year fix at 5.19 per cent.

Free legals are available through Skipton Home Conveyancing Service and free valuation on all residential remortgage cases. Free ASU cover is also available for six months.

The products revert to the society’s residential SVR, currently 5.89 per cent after the fixed rate period.

Skipton head of media relations Jennifer Holloway says: “For borrowers looking to set their repayments for the medium term, our 3-year and 5-year fixed rate deals will fit the bill – especially as one has no Higher Lending Charge to help ease the costs involved in buying a home.”


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