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