Skipton launches 2-year fixed product range starting from 1.92%

Skipton Building Society has launched a two-year fixed rate mortgage range with rates starting from 1.92 per cent.

The lender is offering a 60 per cent LTV deal with £195 application fee and £800 completion fee at 1.92 per cent, with a fee-free option priced at 2.49 per cent, down from 2.59 per cent.

A 75 per cent LTV product with £195 application fee and £300 completion fee is reduced 25 basis points from 2.59 per cent to 2.34, while the fee-free option is down from 2.95 per cent to 2.76 per cent.

At 85 per cent LTV, the lender has cut the two-year rate by 40 basis points from 3.39 per cent to 2.99, with a £195 application fee and £300 completion fee. The fee-free alternative is priced at 3.23 per cent, down 32 basis points from 3.55 per cent.

In the 90 per cent LTV band, Skipton has lowered the two-year fix from 4.29 per cent to 3.89 per cent, with a £195 application fee and £800 completion fee. It has also launched a new, fee-free product at that LTV, priced at 4.19 per cent.

The entire range is available for both purchase and remortgage borrowers, with free standards legal services and valuations for remortgages.

Skipton BS head of products Kris Brewster says: “We’re pleased to offer this new product range, which offers fee and rate options to suit a number of different borrower requirements.

“We’re continuing to lend strongly, in line with our commitment to doing everything to help borrowers, and the ongoing popularity of our products is a reflection of that.”