Skipton Building Society

Newest Review: ... work from. One of the products that stood out was the "Skipton's Stateside Mortgage" it looked very attractive. 3.29% (4.8% APR) and free legal fees for all re-mortgages, plus we could transfer it, if we moved. Plus there wasn?t a big penalty for over payments (something we should all do). So what?s the beef you ask? The mortgage is repayable by the borrower (us) in exactly the same way as any other UK mortgage. Your not dealing in a foreign currency (US dollars). The interest rate simply tracks the 3-Month US Dollar LIBOR Rate for the first five years. This rate has historically been lower than UK Sterling. So we should a... more

Read Reviews for Skipton Building Society

Skipton Building Society: Skipton's Stateside Mortgage (398 words)
by - written on 29/05/03 (Useful, 711 readings)
Rating:

Last year we realised that we didnt have the funds we needed to do the things we wanted, like have double glazing fitted, a new kitchen, a whole new roof and pay off the car finance. We approached an independent financial advisor, who looked are incoming and outgoings, and worked out that we needed about £20,000 to do what we wanted. I should tell you at this point that we had a mortgage with Barclays (standard repayment rate tracker), which was over 35 years (it was our only option at the time) and 95%. Our advisor took a look at what was available in the market, and gave use a shortlist to work from. One of the products that stood out was the ... Read the complete review

Read 1 review

Write a review