Skipton launches mortgage deals and reduces rates

Skipton Building Society is launching a new range of fixed and tracker mortgage products tomorrow, as well as reducing rates across existing deals by up to 0.40%.

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New products include a two-year fix at 2.94% available up to 50% LTV with an application fee of £195 and a completion fee of £800.

The same deal is available at other LTV ratios up to 90% LTV, which have all had their rates reduced. For example, at 85% LTV the rate has been cut from 4.59% to 4.39%.

Skipton has also introduced a two-year base rate tracker with a rate of 2.38% (base rate plus 1.88%) available up to 65% LTV and a rate of 2.48% (base rate plus 1.98%) available up to 70% LTV.

This deal comes with an application fee of £195 and a completion fee of £800.

All products included in the changes are available both direct and via intermediaries.

Kris Brewster, head of products at Skipton, says the changes have been made in direct response to market developments and customer feedback.

He adds: “We believe the new range includes competitive options for a variety of circumstances – as well as innovations such as a special deal for sub-50% LTV borrowers.”