Launching tomorrow, the Society’s new residential core range will include a two-year fixed rate of 0.99% for purchases and remortgages to 60% LTV with a £1,995 fee.
The purchase and remortgage range also includes lower rates across Skipton’s two and five-year residential fixed range by up to 0.29%.
New two-year fixes are available at 1.53% to 70% LTV and 1.70% to 85% LTV, while five-year fixes start at 2.07% up to 85% LTV.
Remortgage products include a two-year fix at 1.49% to 70% LTV and a fee free five-year fix at 1.91% to 60% LTV.
Free valuations are offered on all new purchase products while those wishing to remortgage are offered free valuations and standard legal fees.
Kris Brewster, Skipton’s Head of Products, said: “This is certainly an historic moment for Skipton Building Society, the first time we have offered fixed mortgages below 1%. By offering great value products, we are emphasising our commitment to help new and existing customers.
“Skipton continues to add value to its residential mortgage range with these new two and five year fixed term products.
“Skipton’s clear message continues to be that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale.
“This compliments our existing mortgage range, which aims to offer attractive deals to suit a range of circumstances.”
