Skipton Building Society has announced rate reductions across its two, three and five-year residential mortgage rates at 90%, 95% and 100% LTV.
Available from tomorrow, rates have fallen by an average of 0.14% with the largest cut being 0.32%.
Jen Lloyd, head of mortgage products and propositions at Skipton, said: “While falling rates offer encouraging signs for the market, a degree of caution remains important. Conditions continue to be volatile amid ongoing global conflicts and broader economic uncertainty.
“The cuts do however bring positive news for both existing homeowners and those looking to get onto or move up the property ladder.
“We know affordability continues to be stretched, so any reduction will be welcomed by borrowers. We’ll continue to keep a close eye on market conditions and respond responsibly where we can to support our customers.”
