Skipton Building Society has cut the rates on its 75% LTV three-year fixed rates.
It is cutting the interest payable on the standard and low fee versions by 0.30 and 0.20 percentage points respectively.
The three-year fixed rate mortgage to 75% LTV now has a rate of 3.38% (was 3.68%). It has an application fee of £195 and a completion fee of £800.
The low fee version now has a rate of 3.68% (was 3.88%) and an application fee of £195.
The Society has also recently introduced a number of criteria changes, including higher potential loan amounts up to 80% and 90% LTV and an extension of the period for which mortgage offers remain valid from three months to six months – as well as returning to lending on new build flats, up to a maximum 75% LTV.
Kris Brewster, Skipton’s head of products, said: “There has been some further downward movement in swap rates over recent weeks and so we’ve seized the opportunity to re-price some of our three-year fixes to make them even more competitive. We’re constantly monitoring market conditions to ensure our products remain among the most competitive available.
