When taking out a mortgage, you might appreciate the support of someone experienced on your journey. From paying your standard legal costs when you remortgage, to giving you your own dedicated mortgage adviser, at Skipton Building Society we like to go further.
You get your own dedicated mortgage adviser to offer help, information and advice, for all personal and Buy to Let mortgage purchases and remortgages, to ensure you get the right mortgage to suit you.
We offer a variety of different mortgage products, at fixed or variable rates, with deal periods from 2 to 5 years (occasionally, longer terms are available; e.g. 7 or 10 years), and a range of fee structures to suit different customer requirements, including fee-free and low-fee options.
Mix and match
If you can't decide which product is best for you, or you'd like a combination of different products, then you can choose more than one product to suit your individual requirements. In such cases, the highest product fee of those chosen will apply.
By calculating the interest you pay on a daily basis, we potentially help you save thousands of pounds over the life of your mortgage. This means that any overpayments you make will immediately reduce the balance on which interest is calculated.
By making overpayments, you could pay your mortgage off earlier than originally planned and save thousands in interest.
For example, on a £100,000 repayment mortgage with interest at 6%, over a term of 25 years, paying an extra £25 a month means you could pay off your mortgage two years and one month earlier and save yourself £8,778 in interest payments!
Most of our mortgage deals include Early Repayment Charges (ERCs) if overpayments are made that are more than 10% of the mortgage balance in any one year. Full details of this are in your Mortgage Illustration.
If you’ve made overpayments, we offer the option of payment holidays, giving you a break from mortgage payments for up to three consecutive months.
You can take payment holidays once you have had your mortgage with Skipton for six months, but you will need to contact us on 0345 850 1766 in order to discuss this further. As long as you have had no arrears, the holiday proposed would not take the Loan to Value (LTV) of your mortgage above 95%, and there are sufficient surplus payments to cover the holiday, you may take up to three consecutive months' holiday. You cannot take more than a total of six months in any 12 month period. Of course, whilst you do not need to make payments during the holiday, interest will continue to be added to your account and your balance will increase.
Our products maybe portable, meaning you may be able to take your mortgage deal with you if you choose to move house, subject to lending criteria. Full details are in your Mortgage Illustration (MIL).