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Skipton launch new two year fixed rate

The Skipton Building Society has launched a new 2-year fixed rate mortgage, offering borrowers an interest rate fixed at 3.99% until November 30 2004.

Key features of the mortgage are:

o Concessionary mortgage discount scheme 0.30% discount off variable rate (currently 5.70%) in years 3 and 4 and 0.50% discount off variable rate (currently 5.70%) from year 5 onwards

o Up to 95% LTV

o Free MIG up to 90% LTV%

o Free legal fees for remortgages (£250 cashback in Scotland)

o Flexible benefits &#45 daily interest, overpayments and payment holidays

o Up to 10% capital repayments allowed each year without charge, until November 30 2007

o A £350 completion fee


Yorkshire BS launch 10 year fixed rate

The Yorkshire Building Society is launching the first fully flexible 10-year fixed rate mortgage with the cheapest ever 10-year rate on August 30 2002. The fixed rate is 5.44% and is fully flexible allowing unlimited overpayments without any penalty charges. Underpayments and paymentholidays are also permitted without charge and, as with all Yorkshire&#39smortgages, interest will […]

APR labelled “useless”

Annual percentage rates – the FSA&#39s preferred means of mortgage price comparison – have been slammed as a “useless” measure of mortgage costs. If CP146 proposals are agreed, APR will be a central element of financial promotions produced by intermediaries and lenders. But critics say APR cripples product transparency. Frank Chacko, associate at Hewitt Bacon […]

MCCB must act

An open letter to the MCCBI joined an operation on a franchise basis in 2001 but in June of this year the business was put into administration. As a consequence of this order, I am owed, along with a large number of others, monies for completed procuration fees, insurance fees and a proportionate loss of […]

Cashback incentive added to no-ties five-year fixed rate loan

A £200 cashback is being offered to borrowers applying for Leeds & Holbeck&#39s no-ties five-year fixed rate mortgage by the end of September. Applicants will receive the payment on completion of the loan. The mortgage is available at 5.49% for loans up to 90% of property value or 5.89% up to 95%. Key product details […]


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