Skipton Reduces Fixed Rate Mortgages
Dear Intermediary,
Good News! We are reducing rates on the majority of our 3 and 5 Year Fixed Rate products by up to 0.40% with our new rates launching tomorrow (Wednesday 8 June). Our range of 2 Year Fixed Rates and 2 Year Base Rate Trackers remain available and unchanged.
Below are the details of these new products:
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| 3 Year Fixed |
3.95% |
60% |
£195 |
£800 |
Purchase and remortgage business |
| 3 Year Fixed |
4.19% |
60% |
£195 |
£0 |
Purchase and remortgage business |
| 3 Year Fixed |
4.09% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 3 Year Fixed |
4.29% |
75% |
£195 |
£0 |
Purchase and remortgage business |
| 3 Year Fixed |
5.59% |
90% |
£195 |
£800 |
Purchase and remortgage business |
| 3 Year Fixed |
5.79% |
90% |
£195 |
£0 |
Purchase and remortgage business |
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| 5 Year Fixed |
4.59% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed |
5.29% |
85% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed |
5.89% |
90% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed |
6.09% |
90% |
£195 |
£0 |
Purchase and remortgage business |
Remortgage customers can benefit from a free valuation (on properties up to £500k) and free legal fees.
Full details of these products will be available on our intermediary website from 9am tomorrow (Wednesday 8 June).
As we are launching these products, the following products will be withdrawn at close of business tonight:
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| 3 Year Fixed |
4.09% |
60% |
£195 |
£800 |
Purchase and remortgage business |
| 3 Year Fixed |
4.29% |
60% |
£195 |
£0 |
Purchase and remortgage business |
| 3 Year Fixed |
4.29% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 3 Year Fixed |
4.49% |
75% |
£195 |
£0 |
Purchase and remortgage business |
| 3 Year Fixed |
5.79% |
90% |
£195 |
£800 |
Purchase and remortgage business |
| 3 Year Fixed |
5.99% |
90% |
£195 |
£0 |
Purchase and remortgage business |
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| 5 Year Fixed |
4.99% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed |
5.69% |
85% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed |
5.99% |
90% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed |
6.19% |
90% |
£195 |
£0 |
Purchase and remortgage business |
KFIs for these products will not be available after 4pm today (Tuesday 7 June) and the products themselves will be withdrawn at 5pm today. Fully packaged cases, complete with all fees must be received by Wednesday 15 June for the case to be accepted.
Paul Darwin
Head of Intermediary Sales