Skipton withdraws all two-year fixes

Skipton Building Society has today withdrawn all of its two-year fixed rate mortgages and will not be relaunching new deals until February 21.

The society has also withdrawn all of its three and five-year fixed rates over 75% LTV, and its three-year base rate trackers.

The society has withdrawn 27 mortgage deals in total.

Skipton says it has withdrawn the rates because of significant volumes of business.

A spokeswoman for Skipton, says: “We have seen a spike in demand in people rushing to fix their mortgage rate. But we will be coming back with a competitive range of deals on February 21.”