Skipton BS has launched a new mortgage that could well provide many first time buyers with a foot onto the property ladder.
The Fixed Rate Mortgage offers buyers a rate of 5.99% to 31 July 2013, a maximum loan-to-value of 95% and a fee of £195.
For remortgagors there are incentives of free legal fees and free valuation.
The 0.50% reduction in rate on Skipton's 95% loan-to-value two year fixed rate mortgages means that a borrower with only a 5% deposit will now pay a rate of 5.99%.
With a low fee of only £195, this deal could represent a means of securing a first step onto the property ladder for some borrowers.
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