Skipton cuts residential mortgage rates by up to 0.40%

Skipton Building Society has reduced rates across its entire residential fixed rate mortgage range.

Available from tomorrow, rates have reduced by an average of 0.18%, with the largest reduction of 0.40%.

Skipton is also introducing a three-year fixed rate residential product at 95% LTV for existing customers.

Jen Lloyd, head of mortgage products and propositions at Skipton, said: “The mortgage market has continued to show resilience, and we’re pleased to introduce further rate reductions following cuts earlier this month. With interest rates holding and a degree of improving certainty in the Middle East, this is providing some welcome respite for borrowers.

“While global conditions remain changeable and affordability is still stretched for many, these latest reductions represent a positive step forward for both existing homeowners and those looking to get onto or move up the property ladder. We will continue to monitor the environment closely and respond responsibly, maintaining a cautious but supportive approach to help our customers navigate the market.”