Skipton cuts over 40 mortgage rates by up to 0.46%

A total of 44 rates will be reduced in the latest changes.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
31st January 2024
Skipton Building Society

Skipton Building Society has reduced rates across its residential existing and new customer range, as well as reductions across buy-to-let and government scheme products.

Rate have reduced across its fixed rate new business range by up to 0.46%.

The Society has launched two new existing customer residential products at 90% LTV and two existing customer buy-to-let products at 60% LTV.

As part of the changes, Skipton has also re-introduced residential two-year Base Rate trackers for new business at 90% LTV.

The largest rate reduction is to a five-year fixed buy-to-let product at 75% LTV, down from 4.95% to 4.49% with a £2,995 fee.

For existing customers, two-year fixed rates at 90% LTV have launched at 5.19% with a £495 fee or 5.29% fee-free.

New buy-to-let products at 60% LTV include two-year fixed rates from 4.79% and five-year fixes from 4.31%, both with a £995 fee.

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