View more on these topics

Skipton cuts 2 and 3 year fixed rates

Skipton Building Society has cut rates by up to 20 basis points on a selection of two and three-year fixed mortgages.

A two-year fix up to 80 per cent LTV is down from 2.88 per cent to 2.68 while the 85 per cent LTV option is also cut by 0.20 per cent from 3.58 per cent to 3.38 per cent. A no-fee option is offered at 3.68 per cent.

Across the three-year range, the 80 per cent LTV product is down 9 basis points to 3.19 per cent and the 85 per cent LTV mortgage is now offered at 3.68, down 0.20 per cent. The no-fee option for this loan is also down 20 basis points to 3.98 per cent.

All of the above products are available to both purchasing and remortgaging customers. The fee-paying products carry a £195 application fee and a completion fee of £800.

Skipton head of products Kris Brewster says: “For some time now, the market’s most competitive deals have focused on the lowest LTVs, at around 60 per cent and 75 per cent.

“We felt that the renewed confidence which is starting to filter through provided an ideal opportunity to extend lower rates to LTVs up to 85 per cent.”

Recommended

Paul Sharma
1

Bank of England director to step down

Bank of England executive director for policy Paul Sharma is stepping down from his position after 20 years of being a regulator. Sharma, who is also deputy head of the Prudential Regulation Authority, will take up a position as co-head of consultancy firm Alvarez & Marsal’s regulatory practice. It is not yet known the Sharma […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]

Newsletter

News and expert analysis straight to your inbox

Sign up