Skipton mortgage rates fall by 0.20%.
The Skipton has announced that its 2 and 3 year fixed mortgage rates have fallen by 0.20%. At a time when predictions are for rising mortgage rates this is good news.
However those looking for a longer term 5 year fix are perhaps not going to be so lucky over the coming months, rates in this sector have already begun to increase and expected to rise higher. Just this week both NatWest and the Yorkshire increased 5 year rates on some lower LTV deals.
If you are looking for a 2 or 3 year fix, Skipton's range highlights include:
- A 2 year fixed rate mortgage for 80% LTV at 2.68%.
- A 2 year fixed rate mortgage for 85% LTV at 3.38%.
- A 2 year fixed rate mortgage for 85% LTV at 3.68% offered fee free.
- A 3 year fixed rate mortgage for 80% LTV at 3.19%.
- A 3 year fixed rate mortgage for 85% LTV at 3.68%.
- A 3 year fixed rate mortgage for 85% LTV at 3.98% offered fee free.
Deals are open for both remortgage and new purchase, fees are set at £995 unless it is stated the product is fee free.
A spokesperson for the lender commented saying it took the decision to cut its rates to make higher LTV products more competitive.
If you are looking to review lenders most competitive mortgage rates, you are advised to contact 'whole of market' independent broker Deal Direct for a complete market review.
Call an adviser today on 0800 048 8828.
