"It has been great to see mortgage rates being reduced across the market over the past few weeks and hopefully this is a sign of things to come throughout 2024"
- Jennifer Lloyd, head of mortgage products and propositions at Skipton
Skipton Building Society is reducing 99 rates across its mortgage product range.
From tomorrow, Thursday 11th January, Skipton’s rate reductions will take place across its residential existing and new customer range, as well as its 100% LTV Track Record mortgage.
The reductions include decreases of up to 0.49% on fixed rates for new business, decreases of up to 0.66% on existing customers products and a reduction of 0.13% on the Track Record Mortgage, which now has a rate of 5.52%.
Highlights include a two-year fixed rate shared ownership product at 90% LTV, reducing by 0.49% to 5.79%, and a five-year fix at 90% LTV, down by 0.15% to 4.99%.
Jennifer Lloyd, head of mortgage products and propositions at Skipton, said: "I’m delighted to announce we are starting the new year by making 99 reductions to our mortgage product range as of tomorrow, from new and existing customer products to our Track Record Mortgage aimed at helping trapped renters access a deposit.
"It has been great to see mortgage rates being reduced across the market over the past few weeks and hopefully this is a sign of things to come throughout 2024, we keep all our products under constant review to make sure we're offering the best deals for all customers especially those looking to take their first step onto the ladder, so it is great to be able to start off the new year with this reduction."
