Skipton cuts rates

For homebuyers the society is offering an 85% LTV 2-year fix at 2.30% with a £995 fee, a 90% LTV 3-year fix at 3.99% with no fee and a 90% LTV 4.39% 5-year fix with no fee.

Customers looking to remortgage can take out two 60% LTV rates with no fee, a 2-year fix at 1.99% and a 3-year fix 2.38%.

Kris Brewster, the society’s head of products, said: “These latest reductions in our fixed rates come as Skipton continues to add value to its mortgage range. In the past few months we have removed all upfront application fees, seen large reductions on our rates, and increased brokers’ residential procuration fees to 0.40%.

“We are also delighted that Skipton Intermediaries have been ranked third by brokers in the latest Mortgage Strategy quarterly survey and we believe that this is a great indication that our Real Life Lending proposition is resonating with our broker partners.

“Skipton’s clear message is that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale.”