"We’ve refreshed two and five-year fixed-term products that are available on up to 95% LTV."
Skipton has launched a new range of residential and buy-to-let mortgage products with lower rates.
Fixed-term residential mortgage rates have reduced by up to 0.36% and buy-to-let rates have reduced by up to 0.41%.
Across its residential range, a two-year fix at 90% LTV now starts at 5.70% with no fee, a three-year fix at 90% LTV has reduced to 5.41% with a £995 fee, and a five-year fix at 75% LTV is available at 5.10% fee-free.
Charlotte Harrison, head of mortgages at Skipton Building Society, said: “We know that household finances are increasingly squeezed and that a homeowner's mortgage is typically the largest monthly outlay, so we're making sure we do what we can to support bringing some of that cost down.
“We keep a close eye on our product range and its place in the current market, and we’re seizing the opportunity to bring down the rates on our latest range of residential mortgages with some really competitive deals that give homeowners great value on new borrowing, and landlords aren’t left out either. Our updated range of buy-to-let products offer similarly reduced rates.
“And with our core focus of supporting first time buyers take their first step onto the property ladder, we’re launching a range of products tailored to buyers looking to get the keys to their first home. We’ve refreshed two and five-year fixed-term products that are available on up to 95% LTV.”
