Skipton fixes on lower mortgage rates

Borrowers can take advantage of lower rates from today as Skipton Building Society relaunches its range of fixed rate mortgages, which start from as low as 5.34%.

This means homeowners could make initial monthly payments of only £604 on a £100,000 repayment mortgage.

Steve Aldous, general manager at Skipton commented, “Despite a bruised confidence in fixed products after some borrowers received a ‘rate shock’ when their deals ended, fixes still offer substantial benefits to homeowners. So at a time when many are having to tighten their belts and start to budget, these still provide the best option for borrowers who need to know exactly what their outgoings are. And as we offer a choice of two, three, five, seven and 10 year products, mortgage payers can plan as far ahead as they need to.”