Skipton lower three and five-year fixes

by Aaron Strutt

Jan 20 2012

Skipton Building Society has lowered the price of their three and five-year fixed rate mortgages by up to 0.4%.

They offer a particularly competitive three-year fix at 3.28% and an excellent five-year fix at 3.69%. Both mortgages have a £995 arrangement fee and require a 25% deposit.

Kris Brewster, head of products at Skipton, says: "We spotted an opportunity to pass on recent downward movement in swap rates to our customers. We are also recognising that - in the continued market conditions - some people are leaning towards the certainty of knowing what their mortgage payments are going to be over a longer period of time."

The average two-year fixed rate mortgage is currently 4.27% - down from 4.44% in January 2011.

20 January 2012