PLEASE BE AWARE OUR MORTGAGE PRODUCTS CAN BE WITHDRAWN AT SHORT NOTICE.
Additional Borrowing is available to existing Skipton mortgage customers and allows you to increase your mortgage borrowing to pay for home improvements and other items subject to lending policy.
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Additional Borrowing
Base Rate Tracker |
Additional Borrowing
5 Year Fixed Rate |
Additional Borrowing
5 Year Fixed Rate |
| Maximum LTV |
Your Additional Borrowing plus your existing mortgage balance must not exceed 85% of the value of your property |
Your Additional Borrowing plus your existing mortgage balance must not exceed 70% of the value of your property |
Your Additional Borrowing plus your existing mortgage balance must not exceed 85% of the value of your property |
| Pay rate(s) |
Bank of England Base Rate + 4.45% for the term of the mortgage |
4.95% |
Until 30/04/2017 the rate is fixed at |
5.49% |
Until 30/04/2017 the rate is fixed at |
5.99% |
| For the remainder of the term of the mortgage, changing to BoEBR + 4.45% giving a current pay rate of |
4.95% |
For the remainder of the term of the mortgage, changing to BoEBR + 4.45% giving a current pay rate of |
4.95% |
| The overall cost for comparison is |
5.1% APR |
5.3% APR |
5.5% APR |
| Early Repayment Charge (ERC)(see note 1). |
None |
2% until 30/04/2017 |
2% until 30/04/2017 |
| Overpayments allowed up to 10% of original loan each year without ERC (over 10% ERC applies) |
No restrictions |
10% per annum until 30/04/2017 |
10% per annum until 30/04/2017 |
| Completion fee (see note 2) |
None |
None |
None |
| Notes |
This product can be used for porting when purchasing a new property. This product can be used for Transfer Subject to Mortgage when adding or removing someone from existing mortgage and raising additional funds |
This product can be used for porting when purchasing a new property. This product can be used for Transfer Subject to Mortgage when adding or removing someone from existing mortgage and raising additional funds |
This product can be used for porting when purchasing a new property. This product can be used for Transfer Subject to Mortgage when adding or removing someone from existing mortgage and raising additional funds |
| How to apply: |
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View Important Notes description of abbreviations