Skipton Building Society unveils next cheap mortgages plan

The latest cheap mortgages plan from Skipton Building Society will help first and next-time buyers onto or stay on the property market.

It will launch a two-year fixed rate loan to value LTV product charging 5.99 per cent interest.

Furthermore, there is no completion fee with this deal, while the application cost stands at £195.

A free valuation is also offered along with legal fees for customers who are re-mortgaging.

Head of products at Skipton Building Society Kris Brewster said that the company is "committed to helping people achieve their homeownership aspirations".

"This new 95 per cent LTV product follows on from our re-launch back into this market last year and is a big reduction on the previous products we had available. This demonstrates our commitment to helping borrowers in this segment and is the latest in a series of innovative solutions we have offered over the past 12 months," he added.

Yesterday May 4th Nationwide revealed that house prices fell by 0.2 per cent in April, compared with March's figure.

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2011-05-05 16:04:06 © Moneyextra.com