Skipton Building Society is set to cut interest rates across its range of fixed-rate mortgages by up to 0.32%, effective from 9am on Monday, 7th April.
These reductions will be applied to 124 mortgage products for both new and existing customers.
While most rates have decreased, the society has increased rates by up to 0.13% on seven of its 5-year fixed purchase 95% loan-to-value (LTV) products.
Skipton is also introducing £250 cashback offers on residential products for existing customers.
One notable reduction is the 2-year fixed 90% LTV remortgage product with a £495 fee, now at an interest rate of 5.06%, down by 0.29%.
Some of the most competitive products following these changes include the 2-year fixed 85% remortgage with no fee at a 5.02% interest rate, and the 2-year fixed 95% purchase mortgage with no fee at a rate of 5.35%.
First-time buyers can also consider the 2-year fixed 95% product with £1,000 cashback at a rate of 5.68%.
New additions to Skipton’s mortgage range now include cashback options, with fixed-rate mortgages available across 60% to 90% LTV.
These come with both fee-free and fee-paying choices on 2-year and 5-year terms.
Examples include a 2-year fixed rate mortgage at 75% LTV with no product fee, £250 cashback, and a rate of 4.82%, and a 2-year fixed rate at 85% LTV with a £495 fee, £250 cashback, and a rate of 4.89%.
Jen Lloyd, head of mortgage products at Skipton Building Society, said: “I’m pleased to announce these latest changes to our mortgage range.
“With rate reductions across 124 products and the introduction of new cashback options, we hope to give borrowers more choice when it comes to finding a deal that is right for them, whether a first-time buyer, moving home, or remortgaging.”
