Skipton has launched a range of mortgages including discounts, fixes and trackers with rates starting from 3.59%.
Key features of the products include a flexible three-year fixed rate mortgage at 5.69% fixed until September 30 2007; flexible five-year fixed rate mortgage at 5.79% fixed until September 30 2009; flexible three-year capped rate Mortgage at 4.99%, capped at 5.75%; flexible three-year stepped discount Plus mortgage with an initial rate of 3.59%; flexible base rate tracker Plus mortgage at 4.50% and a cashback mortgage at 5.59% with a 3% cashback.
All mortgages revert to the society's residential SVR, currently 5.59%.
Jennifer Holloway, head of media relations at Skipton, says: “The introduction of Skipton's low residential standard variable rate prompted us to carry out a review of our mortgage range. The variety of loans on offer means that, whatever a borrowers needs are, we have something to suit.”