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.”