Fixed Rate 

Skipton adds three-year fixes and cuts rates

Skipton adds three-year fixes and cuts rates

Skipton has added three-year fixed rates to its residential range and cut rates on some existing products by up to 0.34 per cent.

The lender’s additional three-year fixes are available for purchase and remortgage at 1.94 per cent to 75 per cent loan-to-value (LTV), 2.19 per cent to 85 per cent LTV and 2.54 per cent to 90 per cent LTV.

For remortgagers only, there is a new two-year fixed rate at 2.24 per cent to 80 per cent LTV, and five-year fixes at 2.14 per cent to 60 per cent LTV and 2.38 per cent to 80 per cent LTV, all with £350 cashback.

The refreshed residential range means purchasers can choose from products including a two-year fix at 2.16 per cent to 90 per cent LTV and a five-year fix at 2.74 per cent to 90 per cent LTV, both with £995 fees.

For those wishing to remortgage, products include a two-year fix at 2.59 per cent to 90 per cent LTV and a five-year fix at 2.95 per cent to 90 per cent LTV, both fee-free.

All purchase and remortgage products offer free valuations, while some remortgage products also include free standard legals or £350 cashback.

Kris Brewster, head of products at Skipton, said: "This refreshed core range offers products across a wide range of short-term and longer-term fixed residential mortgages, both for new buyers and those wishing to remortgage. 

"We continue to offer fee and rate options to suit a number of different borrower requirements.”

simon.allin@ft.com

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