Skipton launches two-year fixes up to 95% LTV
admin January 24th, 2012By Mortgage Strategy
Skipton Building Society has launched a range of two-year fixed rate mortgages available between 60% and 95% LTV.
The range replaces its previous offering of short term fixes and includes some rate increases, which the society says is down to rising swap rates.
Skipton is now offering a two-year fix up to 60% LTV at a rate of 2.88%, up from a previous rate of 2.78%, with an application fee of £195 and completion fee of £800.
Its two year fix at 75% LTV with no completion fee and a £195 application fee has gone up from 3.18% to 3.28%.
The lender is also launching a new two-year fix at 90% LTV with a rate of 5.29%, application fee of £195 and completion fee of £800, while it is also offering a 95% LTV deal with a rate of 5.99%, a £195 application fee and no completion fee.
Kris Brewster, head of products at Skipton, says: “We’re delighted to be launching another strong range of short term fixes after our previous offering proved extremely popular.
“Although we have had to increase a couple of the rates marginally to allow for increasing swap rates, they continue to offer a combination of good value and choice, and there are also a couple of new deals included.”
The products are available both direct and via intermediaries, but the 90% and 95% LTV deals are only available through a limited number of brokers.
