Skipton lowers mortgage rates by up to 0.4%

Skipton Building Society has reduced rates by up to 0.4% on its three and five-year fixed rate mortgages.

The lender’s three-year fix at 60% LTV has been cut from 4.09% to 3.95%, while the same deal at 90% LTV has been lowered from 5.79% to 5.59%.

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

Furthermore, the society’s three-year fixes with an application fee of £195 and no completion fee have been reduced, with the 75% LTV product cut from 4.49% to 4.29%.

Skipton has also lowered rates on its five-year fixes with an application fee of £195 and a completion fee of £800.

At 75% LTV, this deal has been reduced from 4.99% to 4.59%, while at 85% LTV it has been cut from 5.69% to 5.29% and at 90% LTV it is down from 5.99% to 5.89%.

All of the products included in the reductions are available both directly and through intermediaries.

Kris Brewster, head of products at Skipton, says: “This is the second time we’ve reviewed and reduced our fixed rate mortgage rates in recent weeks, in response to customer feedback and market trends

“These changes will help us maintain our track record of offering some of the most competitive mortgage products currently available.”