Skipton Building Society has announced a new round of mortgage rate reductions set to take effect from tomorrow morning. This comes just a week following its previous rate cuts, highlighting the society’s proactive approach in a competitive market.
Among the key rate reductions, the society has decreased its 2-year fixed rate at 75% loan-to-value, which carries a £1495 fee, from 4.99% to 4.72%.
Moreover, Skipton’s Track Record mortgage is seeing a further cut by 0.17%, reducing it to 5.35%, the lowest rate since its introduction in May 2023.
Other notable rate changes include the 5-year fixed rate at 95% loan-to-value with a £1295 fee now standing at 4.96%, and the 5-year fixed rate at 90% loan-to-value with no fee now at 4.84%.
Jennifer Lloyd, 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.”
She added: “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.”
