Fixed rate mortgage range addition announced by Skipton BS.
Skipton BS recently announced an addition to its range of fixed rate mortgage products, for customers looking for the increased security offered by fixed monthly payments. New residential fixed rate deals have been released to supplement the 2, 3 and 5 yr deals already on offer for up to 90 per cent LTV.
Kris Brewster who is Skipton's head of mortgage products commented advising that currently 2 yr fixed rate mortgages are very popular. He added that the lender is therefore pleased to launch two new deals to support the mortgage products already offered by the lender in that area.
The new fixed rate product additions are a 2 yr fix for 60 per cent LTV offered at 3.59 per cent and a 5 yr fix for 85 per cent LTV offered at 4.89 per cent. Both new products are to be made available through Skipton intermediaries.
Skipton advise that they constantly monitor mortgage market and customer feedback and use this information to adjust their mortgage offerings.
Listening to all of the feedback prompted the lender to launch the 2 yr product for people with a good level of equity who want a low rate, and the 5 yr product for those who want longer term security against rising rates.
Deal Direct can compare all fixed rate mortgage products on offer to find the most competitive deal for you. Contact one of our skilled advisers today for a comparison of lenders latest fixed rates.
