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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

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 It is now over 6 months old so the content may be out of date.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.

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