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Monday 01st of March 2010

News Tag: Skipton Building Society

February 24, 2010

Skipton BS to merge with loss-making Chesham

by Kay Murchie
’Skipton
There is further evidence today of consolidation within the mutual sector after it has emerged that Skipton Building Society is to merge with loss-making rival Chesham. Skipton, which is Britain's fourth largest building society, took over Scarborough BS last summer. Skipton is regarded as one of the stronger building societies by the Financial Services Authority. A merger between Skipton and Chesham, ...



February 23, 2010

Skipton faces legal challenge to SVR hike

by Gill Montia
”Skipton
Skipton Building Society's decision to raise its standard variable rate (SVR) has resulted in an unexpected challenge from law firm, Leon Kaye. In January, Skipton announced its intention to increase its SVR from 3.5% to 4.95% from 1st March 2010, despite the base rate remaining to an all-time low of 0.5%. The lender evoked “exceptional circumstances” clauses that allowed it to remove ...



January 21, 2010

Skipton BS raises standard variable rate

by Gill Montia
”Skipton
Skipton Building Society is increasing its standard variable rate (SVR) from 3.5% to 4.95%. The change is effective 1st March 2010 and will occur despite the base rate clinging to an all-time low of 0.5% The lender has evoked "exceptional circumstances" clauses that allow it to remove an SVR cap of 3% above base rate as follows: "Base rate is less than or ...



March 2, 2009

Skipton increases interest on savings

by David Masters
Skipton increases interest on savings
Skipton Building Society has increased the interest paid on its online savings accounts. Customers with an Online Access Account or an Online Individual Savings Account (ISA) at Skipton have had rates increased by 0.25%. The Online Access Account rate has increased to 2.75%, whilst the Online ISA rate has increased to 2.25%. Tim Fletcher, general manager at the building society, said: "We thought it was ...



February 6, 2009

Mortgage lenders pass on 0.5% rate cut

by David Masters
Mortgage lenders pass on 0.5% rate cut
Eight major lenders yesterday confirmed plans to pass on the full 0.5% base rate cut to mortgage holders. Abbey, Barclays, Cheltenham & Gloucester, Halifax, HSBC, Lloyds TSB, Nationwide Building Society and Skipton Building Society have all announced interest rate cuts. Abbey said the full rate cut will be passed on to tracker mortgage holders, whilst its Standard Variable Rate (SVR) mortgage is ...



November 3, 2008

Skipton and Scarborough building societies announce merger

by Kay Murchie
”Skipton
As a result of challenging trading conditions, North Yorkshire-based building societies, Skipton and Scarborough have agreed to merge. The deal, which is expected to be completed early next year, will see Scarborough Building Society become part of Skipton Building Society and will be known as the latter. The two building societies said the merger will create a stronger society which will ...