Skipton cuts rates

Skipton Building Society is cutting rates on 2-year and 5-year fixed rate residential mortgages tomorrow by up to 0.17%.

Skipton Building Society is cutting rates on 2-year and 5-year fixed rate residential mortgages tomorrow by up to 0.17%.

Purchase products include a fee free 2-year fix at 2.88% to 90% loan-to-value and a fee free 5-year fix at 3.04% to 85% LTV, while for those wishing to remortgage, products include a 2 year fix at 1.55% to 60% LTV with £995 fee, and 5-year fixes at 2.25% to 60% LTV and 3.32% to 90% LTV with fees of £1,995 and £995, respectively.

Kris Brewster, Skipton’s head of products, said: “By lowering rates across most of our 2 and 5-year fixed rate residential mortgages we are offering even better value to new buyers and those wishing to remortgage.

“We continue to offer fee and rate options to suit a number of different borrower requirements.

“Our mortgage products continue to have an emphasis on offering wide choice and good value, along with our commitment to doing everything to help borrowers.”