Longer-term fixes expand choice from Skipton

In addition to its new range of 2, 3 and 5 year fixed rate products launched last week, Skipton Building Society today re-launched its 7 and 10 year fixed rate mortgages with a choice of fees and rates starting from as low as .49%.

Colin Dale, head of lending at Skipton, commented, “In today’s climate of rising interest rates, for many borrowers it’s all about knowing exactly how much their monthly repayments are going to be, so fixes and capped rate products are the order of the day. By taking longer-term fixed rate mortgages, such as our 7 year or 10 year deals, homeowners can take a break from watching rates and relax knowing, whatever happens, they needn’t think about their loan for a good while yet.”