Skipton has cut rates on its Help to Buy product range by up to 0.69 percentage points.
The building society’s purchase range now features a two-year fix at 2.05 per cent to 75 per cent loan-to-value (LTV) and a five-year fix at 2.51 to 75 per cent LTV.
Remortgage products include a two-year fix at 2.37 per cent to 75 per cent LTV and a five-year fix at 2.65 per cent to 75 per cent LTV.
Purchase products include £500 cashback and free upfront valuation, while remortgages come with £1,000 cashback, no fees and free upfront valuation.
It is a good time to take advantage [of low rates], but be aware that in future rates are likely to be higher.Daniel BaileyKris Brewster, the society’s head of products, said: “We are delighted to offer lower rates on our new Help to Buy range, demonstrating Skipton’s continued commitment to supporting the needs of the new build market.
“We believe this new range offers great value for purchasers and for those wishing to remortgage their existing new home.”
Daniel Bailey, principal at Derbyshire-based Middleton Finance, said: “I am amazed how much further rates keep getting cut.
"It is fantastic news for first-time buyers and especially for consumers who are looking to take advantage of Help to Buy.
“The only thing I would stress is to make sure borrowers are aware that this is not the norm in terms of rates. It is a good time to take advantage [of low rates], but be aware that in future rates are likely to be higher.”
simon.allin@ft.com
