Skipton Building Society is set to reduce mortgage rates across its range for existing customers, impacting both residential and buy-to-let products.
The rate reductions will come into effect from 9.00 am tomorrow, Tuesday 12th December, and will apply to a total of 16 products.
The revised rates include a competitive 5-year residential mortgage at 60% loan-to-value (LTV), reintroduced at a rate of 4.65% with a £1295 fee.
In the buy-to-let sector, rate reductions include a 0.17% decrease for a 5-year mortgage at 75% LTV, now at 5.24%, down from 5.41%, and a similar 0.17% cut for a 2-year mortgage at 75% LTV, adjusted from 6.16% to 5.99%.
Furthermore, Skipton’s range of mortgage support products launched in October will also see a rate decrease, aligning with this new announcement.
Jennifer Lloyd, head of mortgage products & propositions at Skipton, said: “I’m pleased to announce that from tomorrow we’re reducing the rates across our existing customer ranges for both residential and buy-to-let.
“As part of the reprice, we’re also reducing the rates on our recent mortgage support products and we will continue to look at even more ways to keep making membership matter to all of our customers.”
