Skipton BS’s discounted mortgage gets 5 stars | Product News - Moneyfacts

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Skipton BS’s discounted mortgage gets 5 stars

Skipton BS’s discounted mortgage gets 5 stars

Category: Mortgages
Date: 07/01/2015

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 It is now over 6 months old so the content may be out of date.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 Building Society has won a five-star review after repricing its two-year discounted mortgage, earning it a place among the Moneyfacts best buys.

The basics…

This deal now has a competitive variable rate of 1.89% (3.10% disc) for two years. It is available at a loan-to-value (LTV) of 75% with no product fees.

The finer details…

This offer is open to first-time buyers, homemovers and remortgagors with a 25% deposit. All borrowers can benefit from free valuation, while those looking to remortgage can also profit from free legal fees.

Considerable repayment flexibility is offered with both overpayments and payment holidays permitted, provided certain conditions are met.

Why we like it…

The rate offered by this mortgage is an attractive one, but it is the absence of any product fee that really makes this deal stand out. The incentive package is also very generous, particularly for remortgagors, and will help borrowers who are looking to keep set-up costs down.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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