Skipton drops fixed mortgage rates

10 November 2004
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.
© DeHavilland Information Services plc