"The interest only range has seen strong demand, and it’s great that we’re able to continue to support our members by lowering the rates across the range."
The residential interest-only range offers 60%, 70% and 80% LTV products available for purchase and remortgage.
Highlights include a fee-free two-year fix at 1.69% up to 60% LTV and 1.43% to 70% LTV, both with a £1,495 completion fee. The five-year fixed range includes a 60% LTV fee-free fix at 2.15%.
The suite also offers free valuations and standard legals for remortgages.
Kris Brewster, Skipton’s Head of Products, said: “Since launching in June, the interest only range has seen strong demand, and it’s great that we’re able to continue to support our members by lowering the rates across the range.
“There’s no one-size-fits-all approach to lending, and it’s important to us that we have a range of competitive mortgages designed to suit our members’ individual needs. Reducing these rates means we can do just that while ensuring this type of product is only taken out by borrowers that have a defined exit strategy to repay the loan."
