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Skipton reduces rates on fixed rate mortgages

Skipton Building Society has re-launched its fixed rate mortgage range and reduced the rates on each product.

Brokers can now choose between a three-year fixed rate mortgage at 5.19 per cent or the five-year fixed rate mortgage at 5.29 per cent.

All mortgages change to the society’s SVR following the fixed rate period. The mortgages are available up to 95 per cent LTV. Free ASU cover for six months is available.

Skipton head of intermediary sales Paul Darwin says: “Although the Bank of England held interest rates at 4.75 per cent last week, it is widely predicted that we will soon see a further rise to 5 per cent. For those on tight budges, any increase in repayments can make a difference and so getting a fixed rate mortgage offers peace of mind.”

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