Important Notes:
- The products shown are those available from Skipton through our Skipton Direct team. There may be other products available through intermediaries.
- Where no Early Repayment Charge (ERC) applies or the ERC period has expired interest to the end of the month of redemption is payable on redemption, and unlimited overpayments can be made.
- These Skipton mortgages are portable.
- Fees payable at application or completion (whether paid up-front or added to the loan) are non-refundable.
- Remortgages qualify for a free standard valuation up to maximum of £610 (property value up to 500,000). Available on one application per applicant(s). Remortgages qualify for free standard legal fees up to a maximum loan amount of £500,000. There may be some additional legal costs payable where the remortgage is above £500,000.
- Please note, where separate interest rates apply for different Loan to Values (LTVs), a change in your valuation or loan required may mean you are ineligible for the rate you originally applied for. In this instance you will be advised of the change and asked if you still wish to proceed with your application.
- The 10% overpayment allowance is per annum and cannot be rolled over. Details will be outlined in your KFI and mortgage offer.
- If you are selling or purchasing your property, we have a fixed scale legal fees package. See the relevant Skipton Home Conveyancing Leaflet
- The minimum property value for a buy to let mortgage is £50,000
- All mortgages are subject to status and valuation. You must be 18 or over to apply for a mortgage.
Description of abbreviations
ERC = Early Repayment Charge
A charge that you will incur if you pay off your loan in part or in full within a specified period.
LTV = Loan-to-Value
The amount of a mortgage loan expressed as a percentage of the value of the property against which the loan will be secured.
BoEBR = Bank of England Base Rate
The interest rate at which the Bank of England will lend to the UK banking sector.
HLC = Higher Lending Charge
The Society bears the cost of any HLC for loans up to 90% LTV. For loans over 90%, the charge is calculated at 8.95% of the borrowing in excess of 75% LTV.