Rates on its already competitive range will be reducing by up to 0.20% with effect from tomorrow.
2 Year Fixes
- 2 Year Fixed Rate to 60% LTV: interest rate: 3.18% (was 3.38%);
- 2 Year Fixed Rate to 75% LTV - purchase only: interest rate: 3.58% (was 3.78%);
- 2 Year Fixed Rate to 85% LTV - purchase only: interest rate: 4.38% (was 4.48%);
- 2 Year Fixed Rate to 90% LTV: interest rate: 5.48% (was 5.58%);
3 Year Fixes
- 3 Year Fixed Rate to 75% LTV - purchase only: interest rate: 3.75% (was 3.95%);
- 3 Year Fixed Rate to 80% LTV: interest rate: 3.89% (was 3.99%);
- 3 Year Fixed Rate to 85% LTV - purchase only: interest rate: 4.49% (was 4.69%);
These new products are available through the Society's Skipton Direct customer service centre, branches and all intermediaries.
Other than the 5 Year Fixed Rate mortgage to 90% LTV, which is being withdrawn tomorrow due to lack of demand, all other products within the Society's varied and competitive range remain unchanged. These include two and three-year fixes at different LTVs; longer term fixes over seven and 10 years and a range of tracker and buy-to-let products.
Kris Brewster, Skipton's Head of Products, said:
"Just over a month ago, we launched a fee-free range of remortgage products, to sit alongside the purchase-only versions listed above. These have proved very popular.
"However, we spotted an opportunity to further improve our offering on the purchase-only products, by reducing their interest rates in reflection of the fact they do include up-front fees.
"This is another active demonstration of our ongoing commitment to continually reviewing our product offering against the marketplace, and making any changes necessary to ensure it remains good value for money."
