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Skipton launches range of long-term fixes starting at 3.99%

Skipton Building Society has launched a range of new seven and 10-year fixed rate mortgages starting at 3.99 per cent.

The building society has launched two new seven-year fixed rates and two new 10-year fixed rates.

Borrowers can chose from seven-year fix at 3.99 per cent up to 75 per cent LTV or a 4.89 per cent product up to 85 per cent LTV.

There is also a 4.49 per cent 10-year fix available up to 75 per cent LTV and a 4.99 per cent 10-year fix up to 85 per cent LTV.

All of the products are available for a £195 application fee and an £800 completion fee and all products revert to base rate plus 4.45 per cent.

The products are available both direct and through intermediaries.

Kris Brewster, Skipton’s head of products, says: “Market swap rates remain unusually low. Therefore, we have seized the opportunity to provide these really competitive longer term deals, for people whose priority is having certainty over their monthly mortgage payments for the longer term.”

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