"I’m pleased to announce that as well as launching a brand-new first-time buyer range this week, we are also making cuts to a variety of mortgage our mortgage rates too."
- Charlotte Harrison, CEO of home financing at Skipton
Following the launch of its new first-time buyer range, Skipton Building Society has announced rate reductions across its two-year fixed rate and tracker products.
The biggest reduction is to a two-year tracker product, reducing by 20bps to 5.65% at 75% LTV with a £995 fee.
Elsewhere in the range, a two-year fixed rate at 60% LTV has reduced to 4.75% with a £495 fee or 4.88% fee-free.
At 75% LTV, two-year fixed rates have reduced to 4.80% with a £995 fee, 4.85% with a £495 fee, or 4.96% fee-free.
Charlotte Harrison, CEO of home financing at Skipton Building Society, said: “Everyone should have somewhere to call home, but achieving that today is an insurmountable struggle for far too many.
“We know it’s all very well highlighting key housing issues, but this doesn’t help anyone if you don’t spend time exploring and investing in the solutions.
“Which is why, I’m pleased to announce that as well as launching a brand-new first-time buyer range this week, we are also making cuts to a variety of mortgage our mortgage rates too. In doing so we’re helping to take another step forward in supporting home affordability .”
