Skipton Building Society fixed-rate mortgages 'designed to meet customers' needs'

Date:Wednesday 1st September 2010
Author: Susanna Kavka

Customers needs were kept firmly in mind when the new range of Skipton Building Society fixed-rate mortgages were put together, a spokesperson for the financial institution has claimed.

Kris Brewster, head of products at the organisation, made his remarks regarding the two-year fixed-rate deals for up to 65 and 70 per cent loan-to-value (LTV) and the five-year fixed-rate 80 per cent LTV arrangement at 4.78 per cent interest.

He said: "We believe that these new mortgages will increase consumers' ability to find not just a rate, but also product terms that are suitable for them."

None of the new deals have an application fee, but they do have a 'Comp Fee' of £995 and the minimum value must be £50,000.

Recently, Skipton Building Society fixed-rate mortgage providers announced that it had improved its capital strength and profits over the first six months of 2010, putting the firm in a good position to get through the difficult economic climate.