Skipton reduces over 120 mortgage rates

Skipton Building Society is reducing rates across its entire fixed rate mortgage product range.

From Monday, rate reductions of up to 0.32% will take place across 124 of its mortgage products.

One of the largest reductions is to a two-year fixed rate at 90% LTV, down by 29bps to 5.06% with a £495 fee.

Elsewhere in the range, two-year fixed rates are now available from 5.35% at 95% LTV with no fee and 5.02% for remortgage at 85% LTV with no fee.

In addition, Skipton has introduced new cashback mortgage options to its mortgage range. The latest additions include a full selection of fixed rate mortgages across 60% to 90% LTV, with both fee-free and fee paying options available on both two and five-year fixed terms.

Examples of the £250 cashback residential products include two-year fixed rates from 4.82% at 75% LTV with no product fee and 4.89% at 85% LTV with a £495 fee.

As part of the changes, Skipton has announced seven rate increases of up to 0.13% across its five-year fixed purchase 95% LTV products.

Jen Lloyd, head of mortgage products at Skipton Building Society, said: "I’m pleased to announce these latest changes to our mortgage range. With rate reductions across 124 products and the introduction of new cashback options, we hope to give borrowers more choice when it comes to finding a deal that is right for them, whether a first-time buyer, moving home, or remortgaging.”