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  • FIRST POST
    • MSE Ben
    • By MSE Ben 12th Jul 17, 4:20 PM
    • 32Posts
    • 4Thanks
    MSE Ben
    MSE News: Skipton launching new 0.99% two-year fixed rate mortgage
    • #1
    • 12th Jul 17, 4:20 PM
    MSE News: Skipton launching new 0.99% two-year fixed rate mortgage 12th Jul 17 at 4:20 PM
    Skipton BS is launching a two-year fixed-rate mortgage at 0.99% if you're borrowing 60% of your home's value, but it comes with a £1,995 fee...
    Read the full story:
    'Skipton launching new 0.99% two-year fixed rate mortgage '

    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
    Last edited by MSE Luke; 12-07-2017 at 5:12 PM.
Page 1
    • Ectophile
    • By Ectophile 12th Jul 17, 6:48 PM
    • 2,621 Posts
    • 1,579 Thanks
    Ectophile
    • #2
    • 12th Jul 17, 6:48 PM
    • #2
    • 12th Jul 17, 6:48 PM
    So that's just short of £1000 a year just to save a fraction of a percent of mortgage interest. How can that possibly make sense?
    If it sticks, force it.
    If it breaks, well it wasn't working right anyway.
    • glosoli
    • By glosoli 12th Jul 17, 8:17 PM
    • 554 Posts
    • 304 Thanks
    glosoli
    • #3
    • 12th Jul 17, 8:17 PM
    • #3
    • 12th Jul 17, 8:17 PM
    Your right, it won't be the best two year product for everyone. But those with large balances will benefit most.
    • kingstreet
    • By kingstreet 12th Jul 17, 10:18 PM
    • 31,573 Posts
    • 16,864 Thanks
    kingstreet
    • #4
    • 12th Jul 17, 10:18 PM
    • #4
    • 12th Jul 17, 10:18 PM
    Here comes lousy Skipton service for the next three months...
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • getmore4less
    • By getmore4less 13th Jul 17, 8:07 AM
    • 29,130 Posts
    • 17,421 Thanks
    getmore4less
    • #5
    • 13th Jul 17, 8:07 AM
    • #5
    • 13th Jul 17, 8:07 AM
    Break even mortgage with £1995 fees against a no fee at 1.5% will be around £200k on a 2y fix.
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