Skipton launches new market-leading mortgages


Those looking for low-rate mortgages may be interested to learn that Skipton has launched a new two-year fixed-rate deal at just 2.48 per cent.

The lender will look for a 40 per cent deposit and charge fees of £1,995 for the deals, but the offering is indicative of the plethora of new cheap home loans available at the moment.

Skipton has also released a two-year tracker with a 60 per cent loan-to-value, which will see customers charged 1.48 per cent plus the Bank of England’s base rate.

This also comes with fees of £1,995, but could be an attractive option if the Bank keeps its base rate of lending at the record low of 0.5 per cent – which it has done for more than two years now.

Head of products Kris Brewster explained that as a mutual company, Skipton is determined to bring competition and choice to the mortgage market.

“[We aim to do so] by offering consistently good value mortgages – and loans which meet people’s evolving needs in current market conditions,” he said.

“We’re already one of the only lenders offering alternative solutions such as low-deposit and buy-to-let mortgages and now we’re delighted to be providing two market-leading new two year deals for people with a little more equity in their homes.”

In other news, the National Association of Estate Agents has revealed that the number of sellers on the market is at its highest since April 2009.

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Find the Best Rates from Local Mortgage Advisers!
Finding the best mortgage advisers in your area is easy. Whether you're looking for buy to let, a residential mortgage, or a commercial loan, just enter your location into the form and answer a few questions. Then sit back and let the backend system do all the legwork to put you in touch with independent mortgage advisers near you!

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