Skipton offering 1.98% three-year fixed rate mortgage
Skipton Building Society is offering a leading three-year fixed rate mortgage for borrowers purchasing a property with a 50% deposit.
The three-year fix is priced at an impressive 1.98% and it has an APR of 4.9%.
It is available for mortgages up to £1 million and it has a £1,995 arrangement fee.
Aaron Strutt, product manager at Trinity Financial, says: “Borrowers will need a large deposit to access this rate, but a three-year fix below 2% offers great value for money.
“If you have a smaller deposit to put towards your property purchase Skipton still has options. Their three-year fixes increase by 0.08% with a 40% deposit or 0.18% with a 30% deposit.”
At the end of the fixed rate period, the mortgage reverts to the lenders standard variable rate, currently 4.99%.
If you would like help to secure a leading fixed rate mortgage, call Trinity on 020 7016 0790.