PLEASE BE AWARE OUR MORTGAGE PRODUCTS CAN BE WITHDRAWN AT SHORT NOTICE.
Additional Borrowing is available to existing Skipton mortgage customers and allows you to increase your mortgage borrowing to pay for home improvements, a new car, a holiday - almost anything!
| |
Variable Rate Additional Borrowing |
Fixed Rate Additional Borrowing |
| Pay rate(s) |
For the term of the mortgage based on our current RSVR, giving a pay rate of |
6.45% |
Until 30 June 2011 the rate is fixed at |
6.54% |
| For rest of the term of the mortgage, changing to our RSVR currently |
6.45% |
| The overall cost for comparison is |
|
6.7% APR |
|
6.7% APR |
| Early Repayment Charge (ERC)(see note 1). |
None |
3% until 30 June 2011 |
| Cashback |
No |
No |
| Overpayments allowed up to 10% of original loan each year without ERC (over 10% ERC applies) |
Unlimited overpayments |
Yes, up to 30 June 2011 |
| Completion fee (see note 2) |
£125 |
£125 |
| Maximum LTV |
Your Additional Borrowing plus your existing mortgage balance must not exceed 95% of the value of your property |
Your Additional Borrowing plus your existing mortgage balance must not exceed 95% of the value of your property |
| Notes |
Existing Skipton borrowers only .This product is portable |
Existing Skipton borrowers only. This product is portable |
View Important Notes description of abbreviations