Skipton Building Society has confirmed rate cuts on 99 of its mortgage products starting from 9.00am tomorrow, Thursday 11th January. The reductions affect various mortgage products for both new and existing customers, including the Society’s Track Record mortgage.
Highlights of the rate changes include a 0.49% decrease on 2-year fixed rate shared ownership mortgages at 90% LTV, now at 5.79%, and a 0.13% reduction on Track Record Mortgages, bringing them down to 5.52%. A notable change is also seen in the 5-year fixed rate at 90% LTV, which has been cut by 0.15% to 4.99%.
Jennifer Lloyd, head of mortgage products and propositions at Skipton, said: “We are starting the new year by reducing rates on 99 mortgage products.
“This includes cuts for both new and existing customer products and our Track Record Mortgage, which is designed to assist renters in acquiring a deposit.
“We continually review our products to ensure we’re competitive, particularly for those entering the housing market.”
