MortgagesJan 6 2015

Skipton launches two-year discount deals

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Skipton launches two-year discount deals

Skipton Building Society is launching a new residential two-year discount mortgage range with rates from 1.69 per cent.

Available from tomorrow (7 January), the new products range from 50-90 per cent loan-to-value and all are free of fees for either purchase or remortgage, with free valuation and free standard legals for remortgages.

Kris Brewster, the society’s head of products, said the launch of the new products which offer two-year discounts on the lender’s ‘mortgage variable rate’ from the date of completion.

“We continue to strive to offer our customers best value products and we’re constantly monitoring the marketplace and introducing new products to ensure they remain attractive.”

The range includes:

• 1.69 per cent, available up to 50 per cent LTV;

• 1.75 per cent, up to 60 per cent LTV;

• 1.89 per cent, up to 75 per cent LTV;

• 2.14 per cent, up to 80 per cent LTV;

• 2.55 per cent up to 85 per cent LTV; and

• 3.25 per cent up to 90 per cent LTV.

Early repayment charges of 1 per cent for two years of capital repaid then interest to the end of the month are applicable, with overpayments of up to 10 per cent per annum allowed without penalty.

The new products are available through the Skipton Direct customer service centre and all intermediaries, with all other residential and buy-to-let products remaining the same.

peter.walker@ft.com