Skipton cuts 100% Track Record rate

Published on

Skipton is reducing rates across its fixed mortgage range for new business and existing customers.

Track Record, Skipton’s 100% mortgage designed at helping trapped renters onto the property ladder is also getting a reduction in rate. The rate will be reduced to 6.29% a drop of 0.15% from the previous rate of 6.44%.

The biggest reduction on its core residential range is on its five-year fixed residential 95% LTV no fee product at 6.02%, being reduced by 0.22% from 6.24% previously.

Other changes include:

  • Two-year fixed residential 60% LTV £1495 fee product at 5.96% being reduced by 0.06% from 6.02% previously.
  • Five-year fixed buy-to-let 60% LTV £1995 fee product at 5.62% being reduced by 0.12% from 5.74% previously.

Jennifer Lloyd, Skipton Building Society’s senior mortgage product lead, said: “We continually monitor market conditions and ensure we respond accordingly, which is why we’re reducing rates across much of our range. This includes our Existing Customer only range – we’re committed to giving members our best deals, which they can get via their broker or us directly.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Cumberland cuts holiday let remortgage fee to £299

The Cumberland for Intermediaries has slashed the remortgage fee on all core holiday let...

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Other news

The Cumberland cuts holiday let remortgage fee to £299

The Cumberland for Intermediaries has slashed the remortgage fee on all core holiday let...

Why predicting 2025 interest rates feels like a fool’s errand

In my first (and for some reason clearly not my last) article last month,...

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...