Mortgage spring clean at Skipton
08 June 2004
Skipton Building Society launches a new range of mortgages, catering for borrowers' individual needs.
The introduction of Skipton's new, low residential standard variable rate prompted the building society to carry out a review of its entire mortgage range.
As a result it has introduced a completely new one. The only plans to remain untouched are the popular Stateside Tracker and buy-to-let mortgages.
The head of media relations, Jennifer Holloway, said: "The variety of loans on offer means that, whatever a borrower's needs - be they a first time buyer looking for a cashback or someone remortgaging their home wanting free legals and valuation - we have something to suit."
Among Skipton's new mortgage range there are flexible two, three and five year fixed and capped rate schemes.
The lowest rate is the flexible three-year stepped discount mortgage at 3.59 per cent. There is also a cashback mortgage with a current residential SVR of 5.59 per cent and three per cent cashback.
Free legal fees are available through Skipton Home Conveyancing Service, and there is free valuation on all residential remortgage cases up to a property value of £500,000.
Other measures Skipton have in place are free accident, sickness and unemployment cover for six months and flexible benefits such as daily interest, overpayments and payment holidays.