Skipton Building Society has reduced the majority of its two-year fixed rate mortgages by up to 0.69%. One of the deals to benefit was already a Moneyfacts best buy, but this latest rate decrease has further enhanced its status.
This deal now has a highly competitive rate of 2.55% fixed until 30.4.17. It is available at a loan-to-value (LTV) of 85% and has absolutely no product fees.
This mortgage is only available to house purchase customers with a 15% deposit. Although there is no incentive package with this mortgage, borrowers do have the option to make overpayments of up to 10% of the outstanding balance as well as take payment holidays, provided certain conditions are met.
This deal was already a Moneyfacts best buy but this latest rate decrease has boosted its competitiveness. The lack of fees and the option to make both overpayments and take payment holidays has also enhanced its appeal, something that is likely to provoke interest among borrowers with the right deposit.
The highest accolade of five Moneyfacts Stars has been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
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