Skipton Building Society Deals

Skipton Building Society Deals & Discounts

1 hot deal
Skipton 7-year fixed rate mortgage 2.40%
285°
Found 21st NovFound 21st Nov
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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That 85% LTV is a really good deal.

Voted hot as well. That will teach me..

Where on the website is this?
2 year 1.2% BoE tracker mortgage - Fee Free - Skipton Building Society
86°Expired
Found 11th OctFound 11th Oct
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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Original Poster

steve7659 h, 50 m ago

I can’t find the 1.79% deal for me. Only Santander 5 year deal I can see f …I can’t find the 1.79% deal for me. Only Santander 5 year deal I can see for me from is 1.84% with a £999 fee.

hotukdeals.com/dea…019

Original Poster

mtuk14 h, 19 m ago

The UK interest rate and the BOE rate is the same thing. UK interest rates …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.

Thank you!
Edited by: "hfullwood" 13th Oct

Original Poster

Kyouken5 h, 14 m ago

​ no if you are tied in with the fixed term tracker it will go up 0.25% a … ​ no if you are tied in with the fixed term tracker it will go up 0.25% as you would expect. sorry for the confusion. the 1% is what the banks would do for new products or for those on the standard variable rate. fixing for 5 to 10 years seems to be becoming more popular recently as some are expecting the interest rate to ramp up. if the boe rate went to 1% you could expect rates to be around 4%+. scary stuff really.

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

Original Poster

steve7655 h, 16 m ago

I can’t find the 1.79% deal for me. Only Santander 5 year deal I can see f …I can’t find the 1.79% deal for me. Only Santander 5 year deal I can see for me from is 1.84% with a £999 fee.

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.

hfullwood2 h, 20 m ago

So are you saying that if the UK interest rate goes up by 0.25%, the BoE …So are you saying that if the UK interest rate goes up by 0.25%, the BoE rate will go up 1%? So me using +0.25% on my calcs is actually incorrect? If the skipton deal tracks the BoE rate +0.95%, a 0.25% increase in the UK interest rate, may mean my mortgage rate will go up to 1.95%? Sorry if i'm being stupid.

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.
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Skipton BS Lifetime ISA available this Thursday
-65°Expired
Found 6th JunFound 6th Jun
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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An advert surely.

Original Poster

whw

Is the 25% government contribution fixed? I'm wondering if successive … 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.



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.

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.

csf

The 25% ain't gonna do much when it comes to buying a gaff, yes free … The 25% ain't gonna do much when it comes to buying a gaff, yes free money up to 32k free if you start when you 18 and stop when you 50. But with house prices up nearly 100k from 2013, you need more than 25%, more like 100%



​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.

happymanuk

Can't decide whether to go for this or the Nutmeg Stocks & Shares one.



​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.