View more on these topics

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.”



Bank of Scotland most complained-about mortgage lender again

Bank of Scotland was again the most complained-about mortgage provider in the first half of the year with complaints rising by 15 per cent year-on-year. Figures published by the Financial Ombudsman Service last week show the lender received 1,062 mortgage-related complaints in H1 2014, up from 927 a year earlier. Thirty-eight per cent of this […]


Analysis: Get used to market interventions

The Bank of England’s decision to limit lenders’ high-risk business has been called rash and hasty by some. But we must distinguish between individual lending assessments and macro-prudential controls.  Perhaps the decision on LTI caps was premature, given the full effects of the MMR have still to emerge. But The Intermediary Mortgage Lenders Association has […]


Analysis: Private surveys will fill a need

Delays in lending approvals are unhealthy for the industry and we support initiatives to speed up the process. But it is important that customers understand the quality of the property they are buying. As Mortgage Strategy revealed last week, some lenders are returning to automated valuation reports in certain circumstances. This follows an announcement by […]

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


News and expert analysis straight to your inbox

Sign up