Skipton fixed rates just got lower

Borrowers can now benefit from lower rates as Skipton Building Society relaunches its range of Fixed Rate Mortgages, which start from as low as 5.49%.

Steve Aldous, general manager at Skipton commented, “The market has seen an increasing rise in rates throughout the year, but due to a welcomed respite we can now offer homeowners sweet relief with our new range of lower competitive fixes. Despite the Bank of England base rate remaining at 5.75%, the cost of long-term fixed lending has now decreased. This means that borrowers coming to the end of a fix need not worry because they can choose from a variety of the best rates that we have had available for some time.

“For instance, the maximum payment for a customer taking out our 7 Year Fixed Rate at 5.99% on a £100,000 repayment mortgage over a 25 year term would be as little as £627.81 per month.”