When taking out a mortgage, you might appreciate the support of someone experienced on your journey. At Skipton we like to go further.
You get your own dedicated mortgage adviser who can offer help, information and advice on mortgages and remortgages with Skipton, including Buy to Let; as we want to ensure you get the right mortgage for you.
We offer a range of different variable and fixed rate mortgage products. Our deal periods typically last between 2 and 5 years, but occasionally we do have longer terms available (e.g. 7 or 10 years). Our range includes a variety of fee structures to suit different customer requirements, including fee-free options.
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.
Overpaying on your mortgage could allow you to pay your mortgage off earlier than planned and potentially save you thousands of pounds in interest. Some products may allow unlimited overpayments without incurring an Early Repayment Charge (ERC). Most of our mortgage deals allow overpayments of up to 10% per year without charge. Where ERCs apply, full details can be found 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 and subsequent payments 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 can be found in your Mortgage Illustration (MIL).