Skipton mortgage rates just got lower.
Skipton Building Society mortgage rates have been cut. The lender has announced that 2 year fixed rates have been reduced by up to 0.21 per cent.
The mortgage market is currently experiencing some ups and downs, at the moment news for many could be positive as falling swap rates are leading lenders to cut their fixed mortgage rates.
A Skipton 2 year fix for 60 per cent loan to value is now available at 3.38 per cent which is a reduction of 0.21per cent and for 75 per cent loan to value a rate of 3.78 per cent is now available which is a reduction of 0.11 per cent.
A 2 year fix for 80 per cent loan to value is now available at 3.88 per cent and for 85 per cent loan to value the rate is now 4.48 per cent. Mortgages for 90 per cent loan to value have not been reduced.
The lender advises that all 2 year deals will be fixed until the end of September 2014 and have a completion fee of £800 and an application fee of £195. At the end of the 2 year term all mortgages revert to the Bank base rate plus 4.45 per cent.
Skipton’s head of products commented advising that the drop in swap rates has enabled the lender to review their mortgage range, adding that it means even more competitive deals can be offered to customers.
Deal Direct are up to date on all lenders latest mortgage rates, we can find for you the cheapest offers available in the UK.
Contact one of advisers today for a highly competitive mortgage quote.
