The Skipton Building Society has dropped the interest rates it charges on its fixed mortgage range.
Skipton has lowered the price of its two-year fix to 4.99 per cent, its three-year rate to 5.19 per cent and its five year rate to 5.29 per cent.
After the discount period the rates revert to the building society's standard variable rate - currently standing at 6.09 per cent.
Jennifer Holloway, head of media relations at Skipton Building Society, said: "Although the Bank of England held interest rates at 4.75 per cent last week, it is widely predicted that we will soon see a further rise to 5.0 per cent. For those on tight budgets, any increase in repayments can make a difference and so getting a fixed rate mortgage offers peace of mind."To read more about mortgages, click here.
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