In a note sent out to intermediaries this afternoon, Skipton Building Society said that due to high demand it will be withdrawing its 10-year fixed rate at 4.49%, up to 75% LTV at 5pm today.
The Society will launch a follow on product up to 75% LTV, at a rate of 4.79%. The product includes an application fee of £195 and a completion fee of £800.
The deal will be available from Monday 30 July for house purchasers and remortgagors.
Remortgage clients can benefit from a free standard valuation and free legal fees on these products. Skipton’s 10-year fixed rate to 85% LTV remains unchanged at 4.99%.
The Society said: “KFIs for this product have been withdrawn but intermediaries can continue to submit suitable e-mortgage applications for the withdrawn product providing they are received by 5.00pm today.”
