Written By:
Christina Hoghton
Posted:
30/04/2024
Updated:
01/05/2024
The mutual is also relaunching a remortgage product for those with a low level of equity in their home.
Skipton Building Society will be reintroducing higher loan-to-value (LTV) remortgage options, including residential fixed deals at 85% and 90% loan-to-value, for those with equity of 15% and 10%.
Mortgage rates lowered
Skipton’s new round of mortgage rate reductions start from tomorrow, Wednesday 1st May.
The reductions will affect a number of its fixed and tracker rate products, including selected residential two-year fixes and its Track Record products.
The lender is also reintroducing fee products to its fixed rate purchase mortgages and cutting its Track Record mortgage from 5.65% to 5.55%.
