Skipton launches new two-year fixed mortgage deal
Skipton Building Society has launched a new two-year fixed rate mortgage at 2.48 per cent.
Available on loan-to-value (LTV) ratios of 60 per cent, the deal is the lowest ever offered by the society.
It is also offering a two-year base rate tracker option for mortgages on the same LTV, charging interest of 1.48 per cent above the bank rate.
Both incur application and completion fees totalling £1,995.
Skipton's Head of Products, Kris Brewster, said: "The new two-year fixed rate at 2.48 per cent is the lowest fixed rate Skipton has offered in its history and is a further sign of our commitment to offering competitive rates to customers.
"The fees on these latest products are a little higher, to appeal to people who would prefer to pay more upfront in return for a very attractive rate over the term of the product," he added.
Several lenders - including Santander, Yorkshire Building Society and Coventry Intermediaries - have all recently announced new fixed-term deals.
Use the Myfinances.co.uk comparison tables to find the best deal on a new mortgage
Comments
Newsletter sign up