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Skipton launches its lowest-ever 2-year fix

Skipton Building Society is now offering its cheapest ever two-year fixed rate following a round of two-year rate reductions.

The product is available at 1.36 per cent up to 50 per cent LTV. It has a £995 fee.

The lender has also reduced a fee-free deal to 75 per cent LTC by 35 basis points to 1.93 per cent. A 90 per cent fee free deal has been cut 54 basis points to 3.28 per cent.

The biggest reduction is to a 90 per cent LTV product, which has been cut by 69 basis points to 3.09 per cent. It has a £995 fee.

A remortgage two-year fix available to 60 per cent LTV has been cut 27 basis points to 1.95 per cent and an 85 per cent LTV product has been cut 40 basis points to 2.59 per cent. Both products carry a £995 fee.

Skipton BS head of products Kris Brewster says: “This latest reduction in our fixed rates comes as Skipton continues to add value to its mortgage range. In the past few months we have removed all upfront application fees, seen large reductions on our rates, and we have recently announced an increase in brokers’ residential procuration fees to 0.4 per cent.”

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