New Fixed Rates from Skipton
Dear Intermediary,
We are refreshing a number of our residential Fixed Rates in our mortgage range and extending the end dates, with these changes taking place on Monday 10 October . Whilst many of our rates are unchanged, our 5 year fixed rate at 75% LTV has increased slightly whilst ten products are being reduced, with reductions of up to 0.81%.
The new range of products will be as follows:
Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
2 Year Fixed |
2.48% |
50% |
£195 |
£800 |
Purchase and remortgage business |
2 Year Fixed |
2.48% |
60% |
£195 |
£1,800 |
Purchase and remortgage business |
2 Year Fixed |
2.68% |
60% |
£195 |
£800 |
Purchase and remortgage business |
2 Year Fixed |
2.98% |
60% |
£195 |
£0 |
Purchase and remortgage business |
2 Year Fixed |
2.78% |
75% |
£195 |
£800 |
Purchase and remortgage business |
2 Year Fixed |
3.08% |
75% |
£195 |
£0 |
Purchase and remortgage business |
2 Year Fixed |
3.58% |
80% |
£195 |
£800 |
Purchase and remortgage business |
2 Year Fixed |
3.78% |
80% |
£195 |
£0 |
Purchase and remortgage business |
2 Year Fixed |
3.98% |
85% |
£195 |
£800 |
Purchase and remortgage business |
2 Year Fixed |
4.18% |
85% |
£195 |
£0 |
Purchase and remortgage business |
3 Year Fixed |
3.38% |
75% |
£195 |
£800 |
Purchase and remortgage business |
3 Year Fixed |
3.68% |
75% |
£195 |
£0 |
Purchase and remortgage business |
3 Year Fixed |
3.88% |
80% |
£195 |
£800 |
Purchase and remortgage business |
3 Year Fixed |
4.39% |
85% |
£195 |
£800 |
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 |
5 Year Fixed |
3.79% |
75% |
£195 |
£800 |
Purchase and remortgage business |
5 Year Fixed |
4.48% |
80% |
£195 |
£800 |
Purchase and remortgage business |
5 Year Fixed |
4.73% |
85% |
£195 |
£800 |
Purchase and remortgage business |
5 Year Fixed |
5.85% |
90% |
£195 |
£800 |
Purchase and remortgage business |
5 Year Fixed |
5.99% |
90% |
£195 |
£0 |
Purchase and remortgage business |
These products will have end dates of 31 January and will be available from 9am on Monday 10 October.
KFIs for these products will be withdrawn with immediate effect but outstanding applications for these withdrawn products can be submitted until 5pm tonight (Friday 7 October) via our e-mortgages system. Any required supporting documentation for new cases submitted, including an e-declaration signed by the customer(s), should also be uploaded following submission on our e-mortgage site or should be received by our Mortgage Service Centre by 5pm on Friday 14 October. For any existing pipeline cases on these products ALL support documentation should again be uploaded & sent to arrive before the Friday 14 October deadline. Cases not meeting these requirements will be cancelled. All application fees, where relevant, will be collected within 48 hours.
Where a product switch is taking place (changing to a better rate) and our Mortgage Service Centre has commenced processing the application, a £250 fee must be paid up front prior to the product amendment taking place. Please also be aware that the £250 fee is non-refundable if a product switch has taken place.
Please visit our website from Monday to find full details of these new products where you can also view our attractive range of Buy To Let products.
Paul Darwin
Head of Intermediary Sales