"I’m pleased we are starting off the new year by reducing rates on some already great government schemes designed to give a helping hand to those looking to purchase a home."
Skipton Building Society has announced rate reductions of up to 0.36% across its two and five-year government scheme mortgage products.
Available from tomorrow, a two-year fixed rate Help to Buy product has reduced to 5.39% at 60% LTV and a five-year fixed rate shared ownership product at 95% LTV is now available at 5.90%, both available for purchase and remortgage.
In addition, a purchase only five-year fixed rate First Homes product has been lowered to 5.28% at 95% LTV.
As part of the changes, two-year government scheme products have been extended to August 2025 and five-year new build and government scheme products have extended to August 2028. The changes are applicable on repriced products only.
Charlotte Harrison, Skipton's head of mortgage products, said: “I’m pleased we are starting off the new year by reducing rates on some already great government schemes designed to give a helping hand to those looking to purchase a home."
