2 Year Fixed Changes
30 November 2011
Skipton is today launching a new range of 2 year fixed rate mortgage products.
Whilst some of our deals are increasing in price as a result of increased swap
costs, we are pleased to announce that we have been able to maintain the rate on
a number of our products to 75% and 85% LTV. All end dates have also been
extended to 30 April 2014.
Product details as follows:
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| 2 Year Fixed Rate |
2.88% |
60% |
£195 |
£800 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
3.19% |
60% |
£195 |
£0 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
2.98% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
3.28% |
75% |
£195 |
£0 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
3.98% |
85% |
£195 |
£800 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
4.18% |
85% |
£195 |
£0 |
Purchase and remortgage business |
KFI's for the current equivalent products can no longer be obtained from the intermediary website. Please note that the current 2 Year Fixed Rate to 60% LTV (£1800 completion fee) and the 2 Year Fixed Rates to 80% LTV have also been withdrawn and will not be replaced at present.
Please be aware that you can continue to submit any suitable e-mortgage applications for the products being withdrawn providing they are received by 5.00pm today. Any required supporting documentation, including the e-declaration signed by the borrower(s) should also be uploaded following submission on our e-mortgage site and should be received by our Mortgage Service Centre by 5pm Wednesday 7 December. For any existing pipeline cases on these products ALL support documentation should again be uploaded & sent to arrive before the Wednesday deadline. Any cases not meeting these requirements will be cancelled. All application fees, will be collected within 48 hours.
Paul Darwin
Head of Intermediary Sales
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