"I’m delighted to announce that exactly a week after we reduced our rates we have today announced a further 63 reductions to our range."
- Jennifer Lloyd, head of mortgage products and propositions at Skipton
Skipton Building Society is cutting rates further across its mortgage product range, following previous rate reductions last week.
From tomorrow, Skipton’s rate reductions will take place across its residential new and existing customer ranges, as well as its 100% LTV Track Record mortgage.
Skipton’s biggest reduction is by 0.27% on a two-year fixed rate at 75% LTV with a £1,495 fee, which is now at 4.72%
The Track Record mortgage is also receiving another reduction, this time by 0.17% to take the product to 5.35%, which is Skipton’s lowest ever Track Record rate, 0.14% lower than when the product first came to market in May 2023.
Elsewhere in the range, selected five-year fixed rates have reduced by 0.15%, with a 90% LTV fee-free product down to 4.99% and a 95% LTV rate with a £1,295 fee reducing to 5.11%.
Jennifer Lloyd, head of mortgage products and propositions at Skipton, said: "I’m delighted to announce that exactly a week after we reduced our rates we have today announced a further 63 reductions to our range.
"This includes both new and existing customer products as well as a further reduction to Track Record mortgage which sees it drop to its lowest ever rate."
