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Skipton relaunches fixed rate range

Skipton has relaunched its range of two-year, three-year, five-year, seven-year and 10-year fixed rate mortgages with rates starting from 5.34%.

This means borrowers could make initial monthly payments of only 604 on a 100,000 repayment mortgage.

Colin Dale, head of lending at Skipton, says: With the Bank of Englands base rate steadily rising, the majority of borrowers are still looking to secure their monthly repayments by choosing a fixed rate mortgage.

For example, for most first time buyers it is already an uphill struggle to get onto the property ladder and so when they find a mortgage, they want the security of knowing their repayments will remain the same for the entire term.

With Skiptons variety of fixed rate products, they can decide exactly how long they want the term to be.

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