Skipton Building Society
Base rate tracker extra mortgage
changes as at 01/02/06
Skipton Building Society launched their new base rate tracker Extra mortgage this week. The mortgage is based on the Bank of Englands current base rate plus 0.49% making the current rate 4.99%. There is no redemption penalty associated with this mortgage and it is flexible, allowing unlimited overpayments, so it can be repaid before the end of the mortgage term.
What is a base rate tracker mortgage?