Skipton launches sub 1% mortgage

This product comes with a fee of £1,995 and is for purchases and remortgages to 60% LTV. The new range also includes lower rates across Skipton’s two

This product comes with a fee of £1,995 and is for purchases and remortgages to 60% LTV.

The new range also includes lower rates across Skipton’s two and five-year residential fixed range by up to 0.29%. Purchase products include two-year fixes at 1.53% to 70% LTV and 1.70% to 85% LTV.

Other best buy purchase products include three five-year fixes at 2.07%, 2.17% and 2.30%, all to 85% LTV, with varying fees.

For those wishing to remortgage, Skipton is again offering its lowest ever rate, 0.99% to 60% LTV with £1,995 fee, and two more best buy products – a fee free two-year fix at 1.49% to 70% LTV and a fee free five-year fix at 1.91% to 60% LTV.

Kris Brewster, Skipton’s head of products, said: “This is certainly an historic moment for Skipton Building Society, the first time we have offered fixed mortgages below 1%.

“Skipton’s clear message continues to be that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale.”

“This complements our existing mortgage range, which aims to offer attractive deals to suit a range of circumstances.”

Free valuations are offered on all new two and five-year fixed rate purchase products while those remortgaging are offered free valuations and standard legal fees.

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