Skipton Building Society has introduced further mortgage rate reductions as of 8am today, Wednesday the 4th of October.
The society has made a number of rate reductions across its residential and new build product ranges, as well as its buy-to-let and Government Scheme deals.
In addition, 95% loan-to-value (LTV) residential products will now be available for rate switches for existing customers, whilst end dates have been extended on all of the society’s residential and buy-to-let product ranges.
Skipton’s Track Record mortgage will also benefit from a reduction, falling from 6.19% to 5.94%.
Skipton has also withdrawn selected residential and buy-to-let existing customer products in order to make room for these new reductions.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “Skipton Building Society are the latest lender to break the 5% barrier with a 4.99% 5-year fixed on their remortgage range, though there is a sizable £2,995 to take into consideration.
“There has also been a noticeable reduction to their track records mortgage – going from 6.19% to 5.91%.”
