Skipton pulls seven-year fixes due to lack of demand
Skipton Building Society has pulled its seven-year fixed rate mortgages through its branches due to a lack of customer demand.
The lender is still offering rates through brokers and Trinity has access to its lowest seven-year fix remortgage deal.
It does not have an arrangement fee and borrowers will need a 40% deposit to access the rate.
A spokesperson for Skipton told Mortgage Solutions magazine: “We have withdrawn our seven-year fixed range from general sale due to lack of customer demand in the current interest rate environment.
“We recently launched new two-year fixed products, including our lowest ever fixed interest rate, and find that these are more popular with customers at present.”
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