Skipton unveils new rate reductions

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Skipton Building Society has made further changes to its mortgage product suite.

Today it has introduced rate reductions across its two, three and five-year residential range of up to 0.32 percentage points.

An example of this is a two-year fixed residential rate at 5.52% 60% LTV with a £995 fee, which has seen a reduction of 0.19 percentage points from 5.71%.

Alongside rate reductions Skipton has introduced more £0 fee products to its suite, with the launch of three-year fixed residential products with no fees.

Skipton has also introduced a base rate tracker at 60% & 75% LTV for new business with a £1995 fee.

New deals include the following:

  • Two-year residential  base rate tracker 60% £1995 fee at 3.39%
  • Two-year residential fixed 60% £995 fee £250 cashback at 5.52%
  • Five-year residential fixed 75% £995 fee £250 cashback at 5.34%

Charlotte Harrison (pictured), Skipton’s head of mortgage products, said: “I’m pleased we’re once again able to continue expanding our range to support more new customers to the Society alongside balancing the service we provide to existing customers.

“It’s great to see more rate reductions across our residential range, along with the introduction of more £0 fee products.”

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