Skipton relaunches three-year fixes to broker market

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Skipton Building Society has relaunched a three-year broker-only fixed rate range.

The lender last sold three-year fixes through brokers last summer, but quickly reached capacity and withdrew the range in July.

The new range is available for house purchase and remortgage at LTVs of 60, 75, 85 and 90 per cent LTV.

It includes a rate of 1.71 per cent at 60 per cent LTV on loans between £50,000 and £1m.

The range also has a rate of 1.85 per cent at 75 per cent LTV for mortgages in the same price range.

All the new range is fee-free, have free valuations and free legal fees for remortgages.

Skipton head of products Kris Brewster says: “We’re seeing a trend of more people wanting to look at longer term fixes but the gap between the two- and five-year deals can be just a little bit too much for some.

“Offering a three-year deal bridges this a little, and gives people that extra choice and ability to lock in the current low interest rates for a little longer.”

In July Nationwide also reintroduced three-year fixes after growing demand for the term.

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