Skipton Building Society will tomorrow (1 October) reduce interest rates on many of its current residential three and 5-year fixed rate mortgages.
Interest rates are being lowered across the range, with two new 3-year fixed products offering 4.36 per cent and 4.75 per cent at 90 per cent loan-to-value, dependant on fees. There is also a fee-free 3-year fix at 2.77 per cent to 60 per cent LTV.
All 5-year fixed products will also have a free standard valuation on purchases.
Kris Brewster, the society’s head of products, said: “We are continually looking to offer competitive rates on our mortgage range and by reducing the rates on our three and 5-year fixed products, with a variety of fee options, we believe they will be attractive to homebuyers and remortgage customers wanting the security of fixing their mortgage payments over a longer period of time.
“We’re continuing to lend strongly, in line with our commitment to doing everything to help borrowers, and the ongoing popularity of our products is a reflection of that.”
