Skipton Building Society has reduced the rate on its three-year fixed rate mortgage by 0.23%, pushing it into the Moneyfacts charts.
This deal how has a competitive rate of 3.32% fixed until 31.1.18. It is available at a loan-to-value (LTV) of 85% and has absolutely no product fees.
This mortgage is open to first-time buyers and homemovers with a 15% deposit. There is no incentive package available, but borrowers will welcome the option to make both overpayments and take payment holidays, provided certain conditions are met.
Thanks to its rate reduction, this mortgage has enhanced its competitive edge and moved into the top 10 for its sector. As a result, this deal is likely to catch the attention of house purchase customers with its attractive rate, flexible repayment options and lack of product fees.
Four Moneyfacts Stars have been awarded.
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