The mortgage has no application fee and a completion fee of £495. Free standard legal fees and valuation on remortgages, up to a maximum valuation of £500,000 are available.
Legal & General Network head of mortgage products Martyn Smith says: “Mortgage rates have continued to tumble in recent weeks and this new exclusive from Skipton Building Society has been priced to compete head on with the best rates currently available for both purchase and remortgage. There is no upfront booking fee and the completion fee is low at £495. Combined with a free valuation and legal fees remortgage package, this product is ideal for those looking to move to a lower rate with minimum costs.”
Skipton Building Society head of intermediary sales Paul Darwin says: “At Skipton, we’re doing everything we can to support homeowners and the mortgage market at large, with continued strong lending based around a comprehensive suite of core deals. These range from market leading two-year fixes for people with 50 per cent deposits, to longer term mortgages for people whose priority is monthly payment certainty, and products up to 90 per cent loan-to-value to help first time buyers and home movers whose equity has been hit by current market conditions.
“However, we hugely value our relationships with key intermediary networks like L&G Mortgage Club and are delighted to offer these latest exclusives, tailored to feedback about customer needs which they have received from their clients.”