Skipton Building Society

Fixed Rate: your initial rate will be fixed for an agreed period. Skipton has fixed rate mortgages for 2, 3 and 5 years. After the fixed rate period has finished your mortgage will revert to Skipton’s standard variable rate.

There is an early repayment charge during the fixed rate period. Legal and Valuation fees are waived if you choose these products as part of a re-mortgage deal. You can make overpayments of up to 10% of the original loan without incurring an early repayment charge during the fixed period. A completion fee is applicable. An application fee may apply.

Skipton has two types of tracker rate mortgages:

Base Rate Tracker: your rate is set above the Bank of England Base Rate for 3 years. After the tracker rate period your mortgage reverts to Skipton’s standard variable rate.

There is no early repayment charge. Legal and Valuation fees are waived if you choose these products as part of a re-mortgage deal. You can make overpayments of up to 10% of the original loan without incurring an early repayment charge. A completion fee is payable. An application fee is payable.

Base Rate Tracker Plus: your rate is set at the Bank of England Base Rate for 1 year. For the next 2 years is set above the Banks of England Base Rate. After the tracker rate period your mortgage reverts to Skipton’s standard variable rate.

There is an early repayment charge during the tracker rate period. Legal and Valuation fees are waived if you choose these products as part of a re-mortgage deal. You can make overpayments of up to 10% of the original loan without incurring an early repayment charge for 3 years. A completion fee is payable. An application fee is payable.

Discount mortgages: your initial rate will be set at a discount off Skipton’s standard variable rate for an agreed period. Skipton has a 3 year discount mortgage, a 3 year discount re-mortgage and a 3 year stepped discount. After the discount period has finished your rate will revert to Skipton’s standard variable rate.

Legal and Valuation fees are waived if you choose these products as part of a re-mortgage deal. You can make overpayments of up to 10% of the original loan without incurring an early repayment charge for 3 years. A completion fee is applicable. There is no application fee.

Variable Rate: your rate is capped for an agreed period. It will not go above this rate. For the first 2 years you will also receive a discount off the Skipton’s standard variable rate. After this your mortgage will revert to the Skipton’s standard variable rate.

There is an early repayment charge. Legal and Valuation fees are waived if you choose this product as part of a re-mortgage deal. You can make overpayments of up to 10% of the original loan without incurring an early repayment charge. A completion fee is applicable. There is no application fee. Skipton also offers Buy to Let mortgages:

• Discount
• Discount Plus
• Fixed

Discount: your rate will be set at a discount of Skipton’s buy to let standard variable rate. After this discount period your mortgage will revert to Skipton’s buy to let standard variable rate.

There is no early repayment charge. Legal and Valuation fees are waived if you choose this product as part of a re-mortgage deal. You can make overpayments of up to 10% of the original loan without incurring an early repayment charge. A completion fee is payable. An application fee is payable.

Discount Plus: your rate will be set at a discount off Skipton’s buy to let standard variable rate. After this discount period your mortgage will revert to Skipton’s buy to let standard variable rate.

There is an early repayment charge. Legal and Valuation fees are waived if you choose this product as part of a re-mortgage deal. You can make overpayments of up to 10% of the original loan without incurring an early repayment charge. A completion fee is payable. An application fee is payable.