Skipton launches new fee free two-year discount mortgages

Skipton Building Society is launching a new residential 2 Year Discount mortgage range with rates from 1.69%.

The new products range from 50% LTV to 90% LTV and all are free of fees for either purchase or remortgage with free valuation and free standard legals for remortgages.

Kris Brewster, the Society’s Head of Products, said: "We are pleased to announce the launch of these new products which offer two year discounts on our MVR from the date of completion. We believe they offer attractive rates of interest to homebuyers whatever size of deposit they may have.

“We continue to strive to offer our customers best value products and we're constantly monitoring the marketplace and introducing new products to ensure they remain attractive.”

Key product details – please visit www.skipton.co.uk/mortgages for full details of our new product range:

Two-year residential discount (all fee free)

Fee free 2 Year Discount at 1.69% (new product) to 50% LTV;

Fee free 2 Year Discount at 1.75% (new product) to 60% LTV;

Fee free 2 Year Discount at 1.89% (new product) to 75% LTV;

Fee free 2 Year Discount at 2.14% (new product) to 80% LTV;

Fee free 2 Year Discount at 2.55% (new product) to 85% LTV;

Fee free 2 Year Discount at 3.25% (new product) to 90% LTV.

Criteria applicable to all of the above products

Early repayment charges of 1% for two years of capital repaid then interest to the end of the month;

Overpayments of up to 10% per annum allowed without penalty;

Available for purchases and remortgages;

Free standard legals and valuations for remortgages and free standard valuation on purchases.

These new products are available through the Society's Skipton Direct customer service centre and all intermediaries. All other residential and Buy to Let products remain the same. Our Help to Buy product range also remains unaffected.

Anyone wishing to find out more about our new mortgage range can visit the Society's website at skipton.co.uk/mortgages.