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Skipton launches low-rate mortgage

08 December 2005
Skipton has decided to expand its range of mortgages and has added a new three-year fixed rate product to its current selection.

The new Skipton three-year Fixed Rate Mortgage product has a rate of 3.99 per cent.

Customers taking out Skipton's newest product would expect to pay £528 for a £100,000 repayment mortgage over a 25-year period.

Jennifer Holloway, head of media relations at Skipton, said: "Feedback from our branches and brokers alike is that fixed rate mortgages are still the loan of choice for many borrowers."

The mortgage also comes with a range of added 'extras' such as free sickness, accident and employment cover for up to six months plus flexible benefits such as daily interest, overpayments and payment holidays.

It also allows yearly capital repayments up to ten per cent of the value of the loan.

To read more about First Time Buyer Mortgages, click here.

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