Skipton has revealed from 9am on Monday 30th September it will be reducing rates across 75 products in its mortgage range.
Included within these reductions is a 0.15% reduction to its Track Record Mortgage – Skipton’s up to 100% loan-to-value (LTV) mortgage aimed at getting trapped renters onto the property ladder – which sees it drop to its lowest ever rate of 5.29%.
Highlights from the reduction include a first-time buyer exclusive residential purchase 5-year fixed rate at 90% LTV with £1,500 cashback at 4.89%, down from 5.25%, and a residential purchase 5-year fixed rate up to 60% LTV with £2,995 fee at 3.99% down from 4.15%.
In addition, a residential purchase 2-year fixed rate up to 90% LTVwith zero fee is reducing by 0.12% from 5.46% down to 5.34%.
Jennifer Lloyd, head of mortgage products and proposition at Skipton, said: “We’re pleased to announce 75 rate reductions across our mortgage range at various LTVs and product types.
“Alongside these reductions is Track Record which is also seeing another decrease taking it to its lowest ever rate, which adds to the great enhancements announced recently to open the doors to even more trapped renters.”
