Skipton Building Society launched a new 3-year fixed rate mortgage this week offering a fixed intere...
Skipton Building Society launched a new 3-year fixed rate mortgage this week offering a fixed interest rate until Febuary 2005 with four rate alternatives.
The four rate options are 4.99% with a loan to value (LTV) of up to 85% and insurance or 5.14% without insurance. Alternatively there is a 5.14% rate with up to 95% LTV with insurance or 5.29% without insurance.
The mortgage also has a free MIG up to 90% LTV, free legal fees for remortgages up to 85% LTV and a 3% early redemption fee until January 31 2007. There is a £295 fee.
Mark Smitheringale, head of corporate communications, commented: "With interest rates currently at their lowest for 37 years, now is the ideal time for borrowers to freeze their repayment rate. This product offers borrowers a range of options they can choose from to suit their own needs. And is backed up by ongoing discounts during the lifetime of the mortgage, as it converts onto the mortgage discount scheme."
More information is available from 0800 446776
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m
Medium to long-term capital growth