Skipton Building Society News.

October 2012 - Skipton Building Society is today reducing the interest rates on a selection of its residential two, three and five-year fixed rates at 60% and 75% LTV, making them even more competitive.

Skipton Building Society.

Skipton Building Society was formed in 1853 head office address is Skipton Building Society Skipton Building Society, The Bailey, Skipton, North Yorkshire, BD23 1DN.

They have 104 branches across the UK and 850,000 members.

They offer a number of products including

Mortgages- The Options Mortgage, Fixed Rate Mortgages, Tracker Mortgages, Buy-to-Let Mortgages and remortgaging for existing additional borrowing f current  Skipton Borrowers.

Savings Accounts- E-Savings, Postal Savings Accounts, ISAs, Fixed RateBonds and Children's Savings.

Insurance-Home Insurance, Income Protection Benefit, Life Cover, Over 50s Life Insurance Plan, Mortgage Payment Protection and Medical Insurance.

For the year ended 31/12/2010 The Financial Results for Skipton Building Society were 2009 figures in (brackets)

Profit £25,500,000 (£57,400,000)

Assets £13,739.5 million (£15,568.8 million)

Executive Directors Pay £1,057,000 (£891,000)

Non Executive Directors Pay £374,000 (£384,000)

During the year the Skipton building society mortgage advances were £481 million an increase of 18% on the previous year.  Arrears   rose slightly although impairment losses fell to £15 million from £44 million the year before.

Ratio of management expenses to mean assets increased to 2.70% from 2.63% the year before.

skipton building society