Skipton Building Society Offer Low Mortgage Rate Range for Existing Customers
Skipton Building Society have launched a new range of 2 Year Fixed rate mortgages designed to help existing customers who are coming to the end of their current deal with Skipton. As some customers may struggle with payments at today’s current rates, which are comparatively priced around 6% for similar 2 Year Fixed rates.
This product range will only be available to existing Skipton borrowers, giving the opportunity to decrease monthly costs by switching to a reduced interest rate for two years, starting from 3.35%. This new range comes with a 5% fee which can be added to the mortgage to spread the cost throughout the term.
Skipton has launched this offer as a safety net for customers that have or will be struggling to afford the increasing interest rates in the current market. This is an attempt to prevent customers from falling into arrears and financial difficulty in the short term.
Skipton’s CEO of home finance Charlotte Harrison says, “It’s crucial that lenders offer as much support as we can to ensure borrowers stay secure in their own homes through these turbulent times, by looking at further opportunities to provide certainty and confidence in the ability to maintain payments.”
The range of mortgages offered by Skipton with this package may not be right for all customers however, it offers a chance for those in need of temporary support during the present ‘cost of living’ climate.
It is important to seek professional advice when considering this offer.
How can Brooklyns Financial help?
It is an important time for borrowers to seek support and advice when need, we will advise you on the options available that are bested suited to you. We are here to help you every step of the way Just give us a call 01628 564631 or email us info@brooklynsfinancial.co.uk for an initial chat?
Your mortgage is secured on your property. Your home may be repossessed if you do not keep up repayments on your mortgage.
The information contained within was correct at the time of publication but is subject to change.
Source: Skipton Building Society
