Skipton drops mortgage rates

Skipton Building Society is revamping its range of mortgages resulting in some of the lowest fixed rates currently on the market.

10:15 14 October 2004

Skipton Building Society is revamping its range of mortgages, from Monday October 18th, resulting in some of the lowest fixed rates currently on the market.

The range will include a capped rate mortgage with a discount extending to two years and rates will start from 5.29 per cent.

Jennifer Holloway, head of media relations, commented: "No matter what the Bank of England's base rate is doing, there will always be borrowers who need a fixed rate mortgage - such as first time buyers who have to keep a tight rein on their finances.

"So, we expect to see a lot of interest in our new fixed rate range. For those with more financial flexibility, who would benefit should the base rate fall, Skipton's discount range also offers great deals."