Rate cuts have been made across the building society’s 3 and 5-year fixed rate products which are available both directly and via intermediaries.
Kris Brewster, head of products, said: “This is the second time we've reviewed and reduced our fixed rate mortgage rates in recent weeks, in response to customer feedback and market trends.
“At Skipton, we're continuing to provide borrowers with value, flexibility and choice, with competitive mortgages designed to help them achieve their homeownership aspirations despite continued economic and market challenges.
“These changes will help us maintain our track record of offering some of the most competitive mortgage products currently available, as well as being one of the few players to offer 95% LTV and buy-to-let loans to help support first and next time buyers struggling to raise large deposits, and property investors, respectively.”
Key product features:
3-year fixed rates
• To 60% LTV: interest rate 3.95% (was 4.09%)
• To 75% LTV: interest rate 4.09% (was 4.29%)
• To 90% LTV: interest rate 5.59% (was 5.79%)
• Application fee £195 - completion fee £800
3-year fixed rates - low fee options
• To 60% LTV: interest rate 4.19% (was 4.29%)
• To 75% LTV: interest rate 4.29% (was 4.49%)
• To 90% LTV: interest rate 5.79% (was 5.99%)
• Application fee £195 - no completion fee
5-year fixed rates
• To 75% LTV: interest rate 4.59% (was 4.99%)
• To 85% LTV: interest rate 5.29% (was 5.69%)
• To 90% LTV: interest rate 5.89% (was 5.99%)
• Application fee £195 - completion fee £800
5-year fixed rate - low fee option
• To 90% LTV: interest rate 6.09% (was 6.19%)
• Fixed until 30/06/16
• Application fee £195 - no completion fee
