Steve Aldous, general manager at Skipton, said: “The market has seen an increasing rise in rates throughout the year, but due to a welcomed respite we can now offer homeowners sweet relief with our new range of lower fixes.
“Despite the Bank of England base rate remaining at 5.75%, the cost of long-term fixed lending has now decreased. This means that borrowers coming to the end of a fix need not worry because they can choose from a variety of the best rates that we have had available for some time.
Key product features include:
Two-year fixes (direct only)
- Fixed at 5.79% to 30 November 2009 for loans up to 95% LTV, with completion fee of £599 and maximum loan of £250,000
- Fixed at 5.49% to 30 November 2009 for loans up to 95% LTV, with completion fee of £1,599 and maximum loan of £250,000
- Fixed at 6.09% to 30 November 2010 for loans up to 75% LTV, with completion fee of £599
- Fixed at 5.89% to 30 November 2010 for loans up to 75% LTV, with completion fee of £1,599 and maximum loan of £250,000
- Fixed at 6.19% to 30 November 2010 for loans up to 95% LTV, with completion fee of £599
- Fixed at 5.99% to 30 November 2010 for loans up to 95% LTV, with completion fee of £1,599 and maximum loan of £250,000
- Fixed at 6.09% to 30 November 2012 for loans up to 75% LTV, with completion fee of £599
- Fixed at 5.89% to 30 November 2012 for loans up to 75% LTV, with completion fee of £1,999 and maximum loan of £250,000
- Fixed at 6.19% to 30 November 2012 for loans up to 95% LTV, with completion fee of £599
- Fixed at 5.99% to 30 November 2012 for loans up to 95% LTV, with completion fee of £1,999 and maximum loan of £250,000
- Fixed at 5.94% to 30 November 2014 for loans up to 75% LTV, with completion fee of £599
- Fixed at 5.74% to 30 November 2014 for loans up to 75% LTV, with completion fee of £1,999 and maximum loan of £250,000
- Fixed at 6.04 to 30 November 2014 for loans up to 95% LTV, with completion fee of £599
- Fixed at 5.84% to 30 November 2014 for loans up to 95% LTV, with completion fee of £1,999 and maximum loan of £250,000
- Fixed at 5.94% to 30 November 2017 for loans up to 75% LTV, with completion fee of £599
- Fixed at 5.74% to 30 November 2017 for loans up to 75% LTV, with completion fee of £1,999 and maximum loan of £250,000
- Fixed at 6.04% to 30 November 2017 for loans up to 95% LTV, with completion fee of £599
- Fixed at 5.84% to 30 November 2017 for loans up to 95% LTV, with completion fee of £1,999 and maximum loan of £250,000
Early repayment charges:
2 Year Fixed Rate Mortgages – 3% to 30 November 2009
3 Year Fixed Rate Mortgages – 5% to 30 November 2008, 4% to 30 November 2009 and 3% to 30 November 2010
5 Year Fixed Rate Mortgages – 5% to 30 November 2008 4% to 30 November 2009 and 3% to 30 November 2012
7 Year Fixed Rate Mortgages – 5% to 30 November 2008, 4% to 30 November 2009 and 3% to 30 November 2012 and 2% to 30 November 2014
10 Year Fixed Rate Mortgages – 5% to 30 November 2009, 4% to 30 November 2011 and 3% to 30 November 2013, 2% to 30 November 2015 and 1% to 30 November 2017
