First stop for first time buyers is Skipton BS - Mortgages - News - Moneyfacts


First stop for first time buyers is Skipton BS

First stop for first time buyers is Skipton BS

Category: Mortgages

Updated: 29/06/2010
First Published: 29/06/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
As part of its restructuring of its mortgage suite, Skipton BS has improved its already leading deal for first time buyers.

The fixed rate mortgage now offers a rate of 6.99% for two years, with a maximum loan-to-value (LTV) of 95% and a reduced fee of £595.

Despite benefitting from one of the smaller reductions across the range, this product still holds the monopoly in this market, with Skipton BS being the only lender in the UK to offer a two year fixed rate 95% for first time buyers.

Although no incentives are offered, the £400 reduction to the fee will help those struggling with set up costs.

Four out of five Moneyfacts stars have been awarded.

Find the best mortgage rate - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Does your mortgage lender owe you money?

Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders could have been overcharged by their lender. Are you one of the many who could be in line for a windfall?

Do you think your home will rise in value?

There’s been a lot of talk recently about the rate of house price growth slowing, but is it affecting your personal expectations? According to research, it could be, with fewer people now expecting the value of their property to increase.

Confidence among “second steppers” is on the rise

We all know how difficult it can be taking that first step on the ladder, but what about the second step? In many cases, getting onto the next rung can be just as challenging, but happily, confidence among this cohort appears to be on the rise.