Switching to a new Skipton Building Society mortgage product is usually a quick and straightforward process for existing borrowers. Our free mortgage product transfer service helps you secure a new mortgage rate up to six months before your current mortgage deal ends, helping protect you against future rate increases while retaining the flexibility to benefit if rates improve.
When can I switch my Skipton mortgage?
You can normally secure a new Skipton Building Society mortgage product up to six months before your current mortgage rate expires.
You may also be eligible if you are currently on Skipton Building Society's variable rate.
Who is eligible?
You will normally be eligible for a Skipton mortgage product transfer if:
- Your current mortgage product is ending within the next four months, or you are already on Skipton's variable rate.
- Your mortgage account is not in arrears.
- You do not have Consent to Let on your mortgage.
- Your loan-to-value meets the product criteria.
How our Skipton mortgage switch service works
- Contact our team by telephone or complete our secure online enquiry form.
- We obtain details of all mortgage products available specifically for your account.
- We explain each mortgage option in clear, straightforward language.
- We help you identify the mortgage product most suitable for your circumstances.
- Once you have selected your preferred mortgage rate, we arrange your Skipton Building Society product transfer and guide you through to completion.
Additional mortgage changes
Alongside your mortgage product transfer, we may also be able to assist with:
- Additional borrowing.
- Changing the term of your mortgage.
- Changing your repayment method from interest only to capital repayment.
Some of these changes may require an affordability assessment before they can be approved.
Benefits of a Skipton mortgage product transfer
- Secure your new mortgage rate up to six months before your current deal expires.
- Protect yourself against future mortgage rate increases.
- The application process is generally quicker and simpler than arranging a full remortgage.
- No legal work is normally required for a straightforward product transfer.
- You continue with your existing lender using a streamlined application process.
Why use our service?
- Our Skipton Building Society mortgage product transfer service is completely free of charge.
- We review all mortgage products available specifically for your account.
- We explain your options clearly and answer any questions you may have.
- We manage your application from start to finish.
- Where appropriate, we can also compare your Skipton Building Society mortgage options with products available across the wider UK mortgage market before you make your decision.