If you are approaching the end of your mortgage, you may want to consider our Mortgage Membership Service. Did you know that if you leave a balance of £150* in your mortgage account you can continue to benefit from:
- your Skipton home insurance policy - if you already pay your premiums with your mortgage account, you can keep up a payment for the insurance premiums only, or make an annual payment;
- storage of your Title Deeds; if we already hold them, without additional charge; and
- retaining any existing borrowing membership and voting rights?
This is available at an annual fixed interest rate of 1% and you will still receive an annual mortgage statement showing this. What’s more, no redemption administration fee will apply when you no longer require the service and fully repay the mortgage.
If you’re interested in this service, please call our Customer Services team who will be happy to help.
*Fees may be charged for additional services. Please see the Residential Tariff of Charges leaflet. The Society requires a first mortgage on the property.