Its two year fixed rates, at 85% LTV, have been cut by up to 0.40%, with the lowest rate now starting at 2.59%. Its three year fixes now start from 3.46%, or 3.65% with no application or completion fees.
All other products within their range remain unchanged, including the lower LTV selection of residential two, three and five-year fixes and their higher LTV loans catering for FTBs and people with less equity in their homes.
Kris Brewster, Skipton's Head of Products, said:
"Customers are already enjoying peace of mind knowing that their mortgage payments will not increase for a fixed period, no matter what happens with the Bank of England Base Rate. We have now made these products even more attractive by introducing interest rate reductions on our two and three year fixed rate mortgages.
“As we strive to offer our customers best value products we're constantly monitoring the marketplace and adjusting our products and interest rates to make sure they remain attractive. These latest reductions ensure they remain among the best value available as we continue to lend strongly in line with our commitment to helping people to achieve their homeownership aspirations.”
