Skipton Building Society reveals new mortgage offering

Thursday, 05 May 2011 01:01

A new two-year fixed-rate mortgage product has been unveiled by Skipton Building Society.

The organisation, which has around 779,000 members, will hold the rate of the 95 per cent loan-to-value product at 5.99 per cent until July 31st 2013, which may prove an attractive option for consumers looking to plan their finances carefully.

It marks a cut of 0.50 per cent on options currently available – something the body suggests is a sign of its efforts to help first-time property buyers – and allows customers to make maximum overpayments of ten per cent each year.

Kris Brewster, head of products for the society, said: "This demonstrates our commitment to helping borrowers in this segment and is the latest in a series of innovative solutions we have offered over the past 12 months."

He added the mortgage provides "a bid reduction" for customers in comparison to those made available previously.

Use the comparison site to find the best deal on a new mortgage 

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