Mortgage rates and fees reduced by Skipton
A variety of changes to mortgage products have been made by Skipton Building Society.
Interest has been lowered by up to 0.5 percentage points on a range of fixed-rate deals, while completion fees have also been reduced.
Kris Brewster, head of products at Skipton, explained the move came as a result of market development monitoring, as well as feedback from customers, with the aim being to remain competitive and offer flexibility.
"These new products and fee arrangements … follow a number of innovations over the past year which have made Skipton one of the only providers offering low-deposit mortgages to first and next-time buyers," he said.
Among the changes is a reduction from 3.79 per cent to 3.49 per cent for a two-year, fixed-rate deal at 75 per cent loan-to-value, while a similar arrangement for those with a ten per cent deposit has been lowered from 5.8 per cent to 5.49 per cent.
The deals are available through intermediaries, branches and the firm's Skipton Direct contact centre.
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