View more on these topics

Skipton set to slash rates by up to 0.38%

Skipton Building Society will tomorrow reduce rates across its three- and five-year residential fixed mortgages by up to 0.38 per cent.

The biggest cut will be to an 85 per cent LTV three-year deal, which will fall from 3.99 per cent to 3.61 per cent. No fees are attached.

A 60 per cent LTV three-year fix will be reduced 0.11 per cent to 2.77 per cent with no fees attached.

The lender will reduce two 75 per cent LTV three-year fixed rates. A fee-free product will be cut 8 basis points to 3.07 per cent. The fee-paying option is to be offered at 2.78 per cent, down 11 basis points. A £195 application fee and £800 booking fee apply.

A 90 per cent LTV deal will be cut 0.18 per cent to 4.52 per cent with £195 application fee and £800 completion fee.

Across the five-year fixed range, the biggest reduction will be to a 60 per cent LTV deal, cut from 3.49 per cent to 3.22 per cent, with no fees.

A 75 per cent LTV deal will be cut 22 basis points from 3.70 per cent to 3.48 per cent. No fees are attached.

Skipton BS head of products Kris Brewster says: “We are continually looking to offer competitive rates on our mortgage range and by reducing rates on our three- and five-year fixed products, with a variety of fee options, we believe they will be attractive to homebuyers and remortgage customers wanting the security of fixing their mortgage payments over a longer period of time.”



Number of second charge products hits post-crisis high

A total of 220 secured loan products were available through 17 lenders in August, a post-credit crunch high according to Loans Warehouse. The broker’s latest secured loan index shows gross secured lending hit £48.8m in August, a rise of 22 per cent from £40m one year earlier. This represents 33 consecutive months of growth.  Despite […]


Leader: Have a say on second charge

Last week the FCA published its proposals for the regulation of the second charge market. By large, the new framework mirrors that of the first charge market, particularly in areas such as income verification, affordability checks and disclosure requirements. It even includes a new requirement for all sales to be advised. The regulator has said […]


HNW loan cap is an empty gesture

Yves Carcelle, the chief executive of Louis Vuitton, died last month at the relatively tender age of 66.  Reading his obituary in The Times, I was struck by his views on the global economic crisis, which were summarised as “the great thing about our business is that our consumers are very rich – and then […]


Help your clients to stay in control

The case of five-year-old cancer patient Ashya King has raised profoundly sensitive questions in international courtrooms and households across the country. Why does the court get a say? Were the parents wrong to reject treatment advised by their NHS hospital? At what point do citizens lose the autonomy to make decisions on behalf of themselves […]


News and expert analysis straight to your inbox

Sign up