Skipton is making a number of rate reductions across its fixed rate and base rate tracker residential product ranges.
The changes will take place at 9.00am tomorrow (Thursday 25 July).
Key changes Include:
- Rate reductions across selected two-year residential fixed products
- Rate reductions across the two-year residential base rate tracker range
The biggest reduction is its two-year base rate tracker 75% LTV with a £995 fee, now 5.65%, reducing by 0.20% from 5.85%.
Other products reduced include:
- Two-year fixed 60% LTV no fee, now 4.88%
- Two-year fixed 75% LTV no fee, now 4.96%
- Two-year fixed 75% LTV £495 fee, now 4.85%
- Two-year fixed 75% LTV £995 fee, now 4.80%
- Two-year base rate tracker 60% LTV £995 fee, now 5.58%
Charlotte Harrison (pictured), 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 .”
