Skipton offers 5 year capped rate with discount

Skipton Building Society extended the options available on its 5-year Capped Rate Mortgage this week. The maximum loan to value (LTV) has been bumped up to 95% and the rate is capped at 6.65% until 31 January 2007. There are discounts off the current variable of 6.2% in the first two years, either 0.6% with insurance, to give a current pay rate of 5.6%, or a 0.45% discount without insurance to give a current pay rate of 5.75%. Up to 10% capital repayments are allowed each year without charge within the redemption period. There is an early redemption fee of 5% in year one, which ...