Skipton cuts remortgage rates

23rd May 2016

Skipton Building Society has launched a revised range of two and five-year fixed-rate mortgages with rates lowered by up to 0.17%.

The society’s reduced purchase deals include a fee-free two-year fixed mortgage at 2.88% up to 90% loan-to-value (LTV) and a fee-free five-year fix at 3.04% up to 85% LTV.

Products for those wishing to remortgage include a two-year fix at 1.55% up to 60% LTV with a £995 fee, and five-year fixes at 2.25% up to 60% LTV and 3.32% up to 90% LTV with fees of £1,995 and £995, respectively.

Free valuations are offered on all two and five-year fixed-rate purchase and remortgage products.

Kris Brewster, Skipton’s head of products, said: “By lowering rates across most of our two and five-year fixed-rate residential mortgages we are offering even better value to new buyers and those wishing to remortgage. We continue to offer fee and rate options to suit a number of different borrower requirements.

“Our mortgage products continue to have an emphasis on offering wide choice and good value, along with our commitment to doing everything to help borrowers.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.