Skipton Building Society Deals

Skipton Building Society Deals & Offers

4 hot deals

All Skipton Building Society Deals, Discounts & Sales for June 2018

Skipton Lifetime ISA: Deposit up to £4k a year, Govt adds 25% (up to £1k) towards first home or retirement
418°
Found 1st JunFound 1st Jun
This isn't new & has been posted before by bradleycrack over a year ago... and it did go cold. But if you are planning on purchasing your first property in the next few yea… Read more
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Gentatsu

Keep going until you're 50 I believe. Then you can use it to either buy a house for the first time, or take it out when you retire. I believe you can have both, but it's useless. You can only use one to buy a house. Unless you want to use the LISA JUST for the pension, and HTB for the house. But yeah, I'm fairly sure the LISA isn't treated as a cash ISA, HTB is only treated as a cash ISA, so it's separate. Don't quote me on that, though.

RPMANU

So how many years an you get the government bonus? So after five years would it stop for Instance? Which would cap it at 5k? Or can I keep going until I buy a house.

RPMANU

How many years will the government give the %25 towards? So would it be capped at 5 years for instance which would give a 5k bonus?

klac88

I have a help to buy isa with Halifax at 3.5%, would it be recommended and could I open one of these accounts and put in the £4000. And use the original help to buy as a savings account with the 3.5%? I read you can not pay into two isa in the same year so any advice would be appreciated, thanks

deleted1546165

Ok, it wasn't the clearest way to point out that the Lisa hasn't been out long enough to be used, so the stats on their usage simply don't exist yet. However, I never said none of the individuals that used equity loan schemes would use HTB ISAs. I made the point repeatedly and clearly, that you have no clue how many people that take out a LISA will use the other schemes, you're making a presumption. And just to be clear, yes, some people with LISAs will in the future use them for new builds and / or equity loan schemes. This is going round in circles though, we should have stopped this conversation 7 posts ago. The point is regardless of what Government help to buy schemes you are going to use, or none at all, if you're definitely planning on buying a house in the near future, the LISA is a great option. With regards to old property, this really depends where you live... In my area, and this might sound callous, the baby boomers are dying off and many properties that have been occupied by aging residents are coming onto the market, at the same time many EU residents are leaving. We don't all live in crowded cities in England.

Skipton 7-year fixed rate mortgage 2.99%, 90% LTV, no fee
320°Expired
Found 14th FebFound 14th Feb
Not many lenders offer seven-year fixed rate mortgages, they tend to be for two, five or 10 years. But if seven years is what you want Skipton is offering: A 7-year fixed rate a… Read more
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Dragon32

Yes - we had just come to the end of a 5 year fixed and think that was just under 4%.

conorgraham

Actual rates are below. Its a decent deal overall but going from 3.99% to 7% at 90% LTV is too much of a jump for me. 7% until 31 May 2019, then 7% until 31 May 2020, then 7% until 31 May 2021, then 6% until 31 May 2022, then 5% until 31 May 2023, then 4% until 31 May 2024, then 3% until 31 May 2025

writergirl74

Always tricky to tell with mortgages. They don't tend to advertise deals for a length of time - they just update their rates every so often.

superfinno

HSBC offer some of the best rates out there. Whilst you should always check the market, as an existing customer, with a low LTV (<30%), and assuming you have no intention to move, I’d renew with HSBC on best rate available - you shouldn’t have to pay any Product Fee, and there’d be no legals or valuations required. Take a 5 year fix, and pay it all off in that time with over- payments - you won’t regret it, if you are in a position to overpay. Then boom! The house is all yours in 5yrs time!

Anon32

Were you already on a fix

Skipton BS three-year fixed rate mortgage 1.57%, 60% LTV, £995 fee
285°Expired
Found 14th FebFound 14th Feb
Skipton has revamped its mortgage range and the standout product is as follows: Three-year fix at 1.57% Max loan-to-value (LTV) 60% £995 fee Other options include: Th… Read more
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speric07

Yes you can, but it is a maximum of 10% of the remaining balance each year. So if you had a mortgage of £100k, you could overpay by £10k with no charge in year one. Say your mortgage balance is £88k in the second year then you could overpay by £8.8k with no charge. Source https://www.skipton.co.uk/mortgages/mortgage-hub/benefits-of-a-skipton-mortgage Most of our mortgage deals include Early Repayment Charges (ERCs) if overpayments are made that are more than 10% of the mortgage balance in any one year.

arjun311

Only a year left, and it's £5000 to exit. Will have to let it run.

ran123ran

Is it not worth paying the early redemption penalty and securing lower rate for next few years? Do some number crunching.

whatyadoinsucka

gotta do the number crunching alot of these big fee upfront mortgages are just to make the upfront interest rate as low as possible for advertising purposes. often its advisable to go for the higher interest rate with no fee, a decent mortgage broker will advise best on this..

sam1970

Ouch...you have been very unlucky

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Skipton 7-year fixed rate mortgage 2.40%
292°Expired
Found 21st Nov 2017Found 21st Nov 2017
Not many lenders offer seven-year fixed rate mortgages, they tend to be for five or 10 years. But if seven years is what you want Skipton has a couple of products: At 75% LTV 2.… Read more
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myotherusernameisclean

That 85% LTV is a really good deal.

Mulva42

Voted hot as well. That will teach me..

Nad_84

Where on the website is this?

2 year 1.2% BoE tracker mortgage - Fee Free - Skipton Building Society
86°Expired
Found 11th Oct 2017Found 11th Oct 2017
Hi! Hopefully I've posted this correctly! We are currently wanting to remortgage (have 60% LTV and are at the end of our term) and have been looking around at variable and fixed de… Read more
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hfullwood

https://www.hotukdeals.com/deals/sainsburys-bank-5-year-fixed-mortgage-159-745-fee-or-178-no-fee-max-ltv-60-2812019

hfullwood

Thank you!

hfullwood

Ok, thank you for clarifying. I can't imagine they'll go to that much in 2 years though?

hfullwood

Agh I've just had a look and it's called a "remortgage special" so must just be for people remortgaging rather than 1st time buyers. Sorry.

mtuk1

The UK interest rate and the BOE rate is the same thing. UK interest rates are set by the BOE. Banks themselves set their standard variable rate which higher than the BOE rate and sometimes tracks but not always tracks it.

Skipton BS Lifetime ISA available this Thursday
-65°Expired
Found 6th Jun 2017Found 6th Jun 2017
Can see this getting voted cold due to some negativity around LISA's but Skipton are releasing the first Cash Lifetime ISA this Thursday, with those who registered their interest r… Read more
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purplefleece

An advert surely.

bradleycrack

I guess potentially yes, but the bonus is paid monthly from next year so you'd bank your 25% before any changes and then roll on to a new bonus amount.

whw

Is the 25% government contribution fixed? I'm wondering if successive governments will be permitted to reduce that or scrap it entirely if they find it a significant drain.

rhfernandez

​think you miss the point. House prices aside, this is one of the most efficient ways in propping up your deposit of you're looking to put towards a property. if you can max 4k a year that's 1k of bonus that outstrips any other savings product FOR housing. Your point is the same across whichever savings product you choose with the increase in house prices. at least LISA gives you a significant chunk a year with those that can max yearly subscription.

Mikey1610

​Stocks and shares would be the way to go for saving for retirement but cash, even with rates so low, would be far more suitable for saving over the short term. Hopefully more providers will be offering lifetime cash ISAs before the end of the financial year.

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