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Skipton launches capped trackers

Skipton has launched two capped tracker mortgages.

The three and five year base rate tracker capped mortgages are both capped at 5.99% – meaning the maximum monthly payment a borrower would make during the capped period on a £100,000 repayment mortgage over a 25 year term would be £643.

Colin Dale, head of lending at Skipton, says: “Our two new base rate tracker capped mortgages give borrowers the confidence in knowing that their interest rate will not go above 5.99% during the capped period.

“This is coupled with the benefit that the rate will fall if, as predicted, we see future decreases in the base rate. Plus, the great starting rates definitely tick all the boxes for borrowers working within a budget.”


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Stand up to lenders’ divisive tactics

The tactic of divide and rule has been used to devastating effect throughout the annals of social, economic and commercial history. Presently, lenders in the mortgage market are employing it to take advantage of brokers in a bid to have their cake and eat it.

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Profit growth in wholesale, wealth management, investment banking and international banking markets have been key factors in the growth of UK banks, KPMGs UK financial institutions performance survey reveals.The survey compares the annual results of HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays. Pre-tax profits increased by 20.3% year-on-year ending December 2006 at 26,276m.Profits […]


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