Retain a mortgage balance with Skipton and continue to enjoy some great benefits. If you are close to paying off your mortgage you may want to consider leaving a balance of £150* in your mortgage account so you can
continue to benefit from:
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Membership and voting rights
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Free storage of your Title Deeds. If we already hold them free of charge, we will continue to do so;
These would ordinarily be returned to you on redemption and arranging safe-keeping of them elsewhere could incur unnecessary cost for you. (Free storage only applies to mortgages completed prior to 13 October 2003).
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No redemption administration fee
When you fully repay the mortgage you will not be charged a redemption administration fee (currently £55).
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A notional fixed interest rate of 1%
*Fees may be charged for additional services. Please see the Tariff of Mortgage Charges [PDF] leaflet.