Skipton said this means borrowers could make initial monthly payments of only £567 on a £100,000 repayment mortgage.
Jennifer Holloway, head of media relations at Skipton Building Society, commented: "No matter what the Bank of England’s base rate is doing, there will always be borrowers who need a fixed rate mortgage – such as first-time buyers or couples with young families who have to keep a tight rein on their finances. At 4.69 per cent, our new two-year fixed rate mortgage is attractively priced, as are the three-year and five-year options for borrowers who would like to freeze repayments for longer. We expect to see a lot of interest."
