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Skipton Building Society slashes high LTV rates

Skipton Building Society has reduced rates on its standard residential mortgages for new borrowers, with some products seeing cuts of 0.99 per cent.

As of 28 October, the two-year fixed at 85 per cent LTV with a £995 fee will be cut to 2.85 per cent from 3.49 per cent. For a five-year fixed term at the same tier, the rate has been reduced to 2.99 per cent from 3.94 per cent.

The fee-free five-year fixed mortgage at 60 per cent LTV has been cut from 2.3 per cent to 1.77 per cent while the £995 fee option is 1.45 per cent, down from 1.94 per cent.

Skipton Building Society head of mortgages Alex Beavis said: “We’re delighted to offer a refreshed residential mortgage range for purchase and remortgage with interest rate reductions across the board. “In today’s ever-changing market, it is important to Skipton that we provide all customers, new and existing, the opportunity to ensure their money and mortgages are in a good place, bringing peace of mind to customers.”

“The housing market continues to become increasingly busy and because of that we urge potential buyers to make applications as soon as possible to take advantage of the current temporary changes in stamp duty,” he added.

With an ever changing marketing make sure you speak to a mortgage adviser for the real time up to date information and ensure you receiving the right advice - advisers are ready to help now on 01908 322223.


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