Skipton cuts rates on more than 100 mortgages

Skipton Building Society is reducing rates across 114 products in its residential mortgage range.

The changes, which apply across the Society's entire fixed rate residential range, go live from tomorrow and will benefit both new customers and existing borrowers, with options for homebuyers and remortgagers.

A total of 114 residential fixed purchase products will see rate reductions, with the biggest reduction of 0.27%.

The largest reductions are to two and five-year fixed rate purchase products at 85% and 95% LTV, with a two-year fix at 95% LTV down to 4.99% with a £495 fee and five-year fixes at 85% LTV down to 4.43% with a £1,295 fee and 4.60% with no fee and £500 cashback. 

Elsewhere in its range, a two-year fix at 95% LTV with a £495 fee has reduced by 27bps to 4.99% and a two-year fix at 90% LTV with no fee has reduced to 4.87%.

As part of the changes, Skipton is withdrawing its first-time buyer cashback specific range.