Huge rise in number of cheap five-year fixed-rate mortgages
John Goodfellow, chief executive of Skipton building society, commented, We are continually developing our extensive range of great mortgages and this one definitely ticks all the boxes with a fantastic rate.
Other features of the tracker mortgage are free legal fees and free valuation on all residential remortgage cases, free accident, sickness and unemployment insurance for six months and no application fee.
However, there is a �449 completion fee, although this can be added to the loan.
Several other providers have recently launched new tracker mortgages, while experts at Alliance Leicester have stated that first-time buyers are making a comeback this year.
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