Skipton introduces high fee low rate range

Skipton Building Society has launched a 1.74 per cent two-year fixed rate as well as introducing a new fee options for its mortgage products.

The 1.74 per cent deal is available to 60 per cent loan-to-value and is available to customers applying direct and through all brokers.

The product is part of the society’s new high fee/low rate range, which carries a £195 application fee and a £1,800 completion fee.

The other fee option – apart from fee-free products – is a £195 application fee and a £800 completion fee.

The lender has also launched a new 90 per cent LTV two-year fixed rate at 3.79 per cent. It has a £195 application fee and a £1,800 completion fee.

Skipton has also cut a range of two-, three- and five-year fixed, two-year trackers and a range of buy-to-let fixes and trackers by up to 0.2 per cent.

Skipton head of products Kris Brewster says: “We’ve tried to be creative in increasing the choice we offer borrowers, with a variety of high, low and fee-free options – as well as solutions for people with different levels of equity and deposits.

“The introduction of the high fee/low rate products to our range is a new move for the society, and we hope these will appeal to people borrowing larger sums, for whom this can represent a really good value option.”