Skipton cuts Track Record rate to lowest ever

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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.”

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