Skipton to launch 1.17 per cent residential tracker tomorrow

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Skipton Building Society is offering rates from 1.17 per cent as part of a residential tracker range being launched tomorrow.

The new two-year tracker range for both new and existing customers includes a 1.17 per cent to 60 per cent LTV, 1.40 per cent to 75 per cent LTV and 1.71 per cent to 85 per cent LTV.

All have £495 fees. Remortgage customers have the option of free valuations and standard legal fees.

The three-year fee free retention tracker range for remortgages includes 1.53 per cent to 60 per cent LTV, 1.73 per cent to 75 per cent LTV and 2.49 per cent to 90 per cent LTV.

All have free valuations, no early repayment charges and unlimited overpayments.

These remortgage products are only available to existing customers and brokers on Skipton’s mortgage retention pilot.

The lender has added two new fee-free two-year interest-only trackers at 1.58 per cent to 60 per cent LTV and 1.70 per cent to 70 per cent LTV.

All the products will track the Bank of England base rate, currently 0.25 per cent.

Skipton head of products Kris Brewster says: “Earlier this month we launched our new interest-only mortgage range and cut many core residential mortgage rates, and we are now taking the opportunity to give home buyers even more choice with the introduction of our new tracker range.”