Skipton re-launches fixed rate mortgages

Skipton Building Society has re-launched its range of fixed rate mortgages, offering homeowners rates starting from 5.34 per cent.

Products are available for two, three, five, seven and ten years, with early repayment charges of up to five per cent in place and loan-to-values (LTV) of between 75 and 95 per cent allowed.

"Despite a bruised confidence in fixed products after some borrowers received a 'rate shock' when their deals ended, fixes still offer substantial benefits to homeowners," said Steve Aldous, general manager at Skipton.

"So at a time when many are having to tighten their belts and start to budget, these still provide the best option for borrowers who need to know exactly what their outgoings are."

"As we offer a choice of two, three, five, seven and ten year products, mortgage payers can plan as far ahead as they need to."

The lender has also launched two new tracker mortgages, including a three-year product that tracksthe Bank of England's base rate at +0.59 per cent until April 30th 2011, is capped at 5.99 per cent until the same date and is available with a LTV of up to 75 per cent.

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