Skipton BS has launched a new mortgage that could provide a step on the property ladder for would-be buyers with small deposits.
The new fixed rate mortgage offers a rate of 6.49% to 31 May 2013, a maximum loan-to-value of 95% and a fee of £195.
This launch means that Skipton BS is the only provider outside Northern Ireland offering such a deal.
Whilst its rate of 6.49% does seem a little pricey, the fee attached is just £195 and it offers those looking to remortgage a good incentive package of free valuation and free legal fees.
It will be interesting to see how popular this deal proves and if anyone else enters this market.
This mortgage is not available from advisers.
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