Skipton, the UK’s fourth-largest building society, has announced rate reductions on its mortgage products, effective from 9am on 18th August.
The rate for Skipton’s Track Record mortgage, aimed at helping renters buy homes, will be lowered to 6.29%, a decrease from the previous 6.44%.
The 5-year fixed residential 95% LTV no fee mortgage will now be offered at 6.02%, down from 6.24%.
Meanwhile, their 2-year fixed residential 60% LTV £1495 fee product will see a rate of 5.96%, a slight drop from 6.02%.
Additionally, the 5-year fixed BTL 60% LTV £1995 fee product rate is set to decrease to 5.62% from 5.74%.
Jennifer Lloyd, senior mortgage product lead at Skipton Building Society, said: “We’re adjusting rates across our range to respond to market conditions.
“This includes our existing customer range, and members can access these deals through their brokers or directly with us.”
