Skipton slashes intermediary range

It has pulled all of its 2-year fixes and tracker products as well as a number of products with different fee options.

The mutual’s core intermediary range will now consist of 3-year and 5-year fixed rates at up to 90% loan to value.

It is continuing to offer 95% LTV deals through selected intermediaries.

The interest rates for 3-year and 5-year fixes are identical at 90% and 95% LTV.

Kris Brewster, head of products at Skipton, said: “We’re constantly adapting our mortgage range in response to customer feedback and market trends and this week’s launch is the latest example of that.

“We’ve slimmed down and simplified our range to focus on three and 3-year and 5-year fixed rates as we believe that, with continued uncertainty over interest rates, people are seeking longer term peace of mind regarding their monthly repayments.

“With this in mind we’ve withdrawn our 2-year fixed rate and tracker products for the time being.”