The early repayment charge is 3% of capital repaid plus interest to the end of the month for two years.
Kris Brewster, head of products at Skipton, said: “This product is designed to appeal to people who’ve built up a substantial deposit or equity and complements the products we have available for other types of borrowers, including would be landlords and people with only a 5% deposit to put down.
“As a mutual, Skipton is committed to bringing competition and choice to the mortgage market, by offering consistently good value mortgages and loans which meet people’s evolving needs in current market conditions.”
