Mortgage from Skipton is a first time buyer dream - Mortgages - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Mortgage from Skipton is a first time buyer dream

Mortgage from Skipton is a first time buyer dream

Category: Mortgages

Updated: 06/05/2011
First Published: 06/05/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

Five 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 Any products featured may be withdrawn by their provider or changed at any time.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

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.
 
Close