Skipton 2-year fixed rate mortgage at 2.99%
Skipton Building Society is increasing its attractive mortgage range with a new market leading two-year fixed rate product at just 2.99%.
And what's more, there's no product fee applied to this limited edition product.
The new Limited Edition 2-Year Fix, which launches on Monday, is available up to 60% loan-to-value and is the latest step in the Society's plan to gradually increase lending during the course of 2010. It further enhances a range offering solutions for a range of borrower needs - including 95% deals for first time buyers struggling to get a footing on the property ladder.
Available via Skipton branches and our direct customer service centre, key features of the new mortgage product include:
Two Year Fixed Rate at 2.99%
Available at up to 60%
No product fee
Early Repayment Charges (ERCs) of 3% apply to redemption during the product term
Maximum loan of £1 million
Fee-free overpayments of up to 10% of property value per annum.
In launching this limited edition product Skipton is boosting its new range with another competitive deal. Together with the range it launched last month, the Society is offering new products that not only meet the needs of home buyers but also reinforce the Society's commitment to good value lending.
Head of Products Kris Brewster said: "Given it's great rate - combined with no fee - we expect our new limited edition 2.99% two-year fixed mortgage to be very popular with buyers and would urge people to apply as soon as possible, as we have only a limited tranche available and when it's gone, it's gone.
"This is a very positive addition to the varied and good value product range Skipton already offers. We understand that unprecedented economic conditions have impacted heavily on the housing market. As the country begins to recover from recession, we're doing our best to enable people to buy their desired homes through affordable products backed up by great service."
The limited edition 2.99% 2-Year Fix product is available to new and existing Skipton customers purchasing a new house.