Skipton BS to cut fixed and tracker rates

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Skipton Building Society is cutting mortgages rates on Wednesday 1 May.

The reductions will affect a number of the mutual’s fixed and tracker rate products, including selected residential two-year fixes and its Track Record products.

The society will also be reintroducing higher loan to value (LTV) remortgage options, including residential 85% and 90% LTV fixed rate remortgage products.

The changes are as follows:

  • Rate reductions to selected two-year fixed residential products
  • Rate reduction to the Track Record product
  • Reintroduction of fee products to its fixed purchase range
  • Reintroduction of 85% and 90% LTV products to its fixed residential remortgage range
  • Rate reduction of the Track Record mortgage from 5.65% to 5.55%.

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