Included within these reductions is a 0.15% reduction to the lender's track record mortgage, Skipton’s up to 100% LTV mortgage aimed at getting trapped renters onto the property ladder, which sees it drop to its lowest ever rate of 5.29%.
The biggest reduction of the range is a first-time buyer exclusive for residential purchase - a five year fixed rate up to 90%, reducing from 5.25% to 4.89%.
The lowest rate in the changes is also for residential purchase, a five-year fix up to 60% which is now reducing from 4.15% to 3.99%.
Jennifer Lloyd, Head of Mortgage Products and Proposition said:
“We’re pleased to announce 75 rate reductions across our mortgage range at various LTVs and product types. Alongside these reductions is Track Record which is also seeing another decrease taking it to its lowest ever rate, which adds to the great enhancements announced recently to open the doors to even more trapped renters.”
