Key Product Details
2 Year Fixed Rate to 75% LTV
• Interest rate: 3.78% until 30/09/14;
• Early repayment charge: 3% of capital repaid plus interest to the end of the month.
2 Year Fixed Rate to 85% LTV
• Interest rate: 4.48% until 30/09/14;
• Early repayment charge: 3% of capital repaid plus interest to the end of the month.
3 Year Fixed Rate to 75% LTV
• Interest rate: 3.95% until 30/09/15;
• Early repayment charge: 3% of capital repaid plus interest to the end of the month.
3 Year Fixed Rate to 85% LTV
• Interest rate: 4.69% until 30/09/15;
• Early repayment charge: 3% of capital repaid plus interest to the end of the month.
5 Year Fixed Rate to 75% LTV
• Interest rate: 4.18% until 30/09/17;
• Early repayment charge: 5,4,3,2,1% of capital repaid plus interest to the end of the month.
5 Year Fixed Rate to 85% LTV
• Interest rate: 4.89% until 30/09/17;
• Early repayment charge: 5,4,3,2,1% of capital repaid plus interest to the end of the month.
Criteria applicable to all of the above products
• Application fee: £0, completion fee: £0;
• Revert to: Bank Base Rate plus 4.45% (currently 4.95%);
• Overpayments of up to 10% per annum allowed without penalty;
• Free legals and valuations.
Products are available through branches and all intermediaries.
Skipton’s head of products Kris Brewster said: “We recognise that there are many people out there who would maybe like to re-mortgage but are struggling to find suitable deals.
“Customers tell us that one of their greatest barriers to re-mortgaging is the fees normally associated with moving from one product or provider to another.
“That’s why, while we’ve kept the interest rates on our re-mortgage range the same, we’ve taken away the application and completion fee, which normally total around £1,000.
“This, combined with the free valuation and legal work, makes these products better value overall than many others out there.”
