Skipton cuts Track Record rate to lowest ever

Published on

Skipton Building Society will be reducing rates further across its mortgage product range tomorrow (18 January).

The rate reductions will take place across its residential existing and new customer range, as well as its Track Record mortgage.

The biggest reduction is by 0.27% on a two-year fixed 75% LTV £1495 Fee product, which was 4.99%, now 4.72%.

Track Record Mortgage is also receiving another reduction, this time by 17bps to take the product from 5.52% to 5.35% which is Skipton’s lowest ever Track Record rate, 14bps lower than when the product first came to market in May 2023.

Skipton says its most competitive rates in the range will be:

  • Five-year fixed 95% LTV £1295 Fee product, was 5.11%, reduced by 15bps to 4.96%
  • Five-year fixed 90% LTV No Fee product, was 4.99%, reduced by 15bps to 4.84%

Jennifer Lloyd (pictured), head of mortgage products and propositions at Skipton said: “I’m delighted to announce that exactly a week after we reduced our rates we have today announced a further 63 reductions to our range.

“This includes both new and existing customer products as well as a further reduction to Track Record mortgage which sees it drop to its lowest ever rate.”

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 Leeds highlights £165k mortgage borrowing potential for buyers earning £30k

Leeds Building Society is urging brokers to consider the mortgage options available to lower-paid...

Disabled mortgage applicants face inconsistent treatment of benefit income

Disabled consumers continue to face uneven treatment across financial services, with new research highlighting...

Access FS adds Iress sourcing data to Elev8 adviser platform

Access FS has integrated Iress mortgage and protection sourcing data into Elev8, the CRM...

Protection drop-outs remain open to buying cover, AMI research finds

Most consumers who abandon the protection buying process could still be persuaded to take...

Younger adults put comfortable retirement income at more than £55k

Younger adults believe they will need substantially more income in retirement than older generations,...

Latest publication

Other news

The Leeds highlights £165k mortgage borrowing potential for buyers earning £30k

Leeds Building Society is urging brokers to consider the mortgage options available to lower-paid...

Disabled mortgage applicants face inconsistent treatment of benefit income

Disabled consumers continue to face uneven treatment across financial services, with new research highlighting...

Access FS adds Iress sourcing data to Elev8 adviser platform

Access FS has integrated Iress mortgage and protection sourcing data into Elev8, the CRM...