"We know it’s all very well highlighting key housing issues, but this doesn’t help anyone if you don’t spend time exploring and investing in the solutions"
- Charlotte Harrison - Skipton Building Society
Skipton Building Society has announced rate reductions across its two-year fixed rate and tracker products.
The largest reduction is on a two-year tracker product, which has been reduced by 20bps to 5.65% at 75% LTV with a £995 fee. Skipton has also reduced rates on a two-year fix at 60% LTV. The product is now available at 4.75% with a £495 fee or 4.88% fee-free.
At 75% LTV, two-year fixed rates have come down to 4.80% with a £995 fee, 4.85% with a £495 fee, or 4.96% fee-free.
Charlotte Harrison, CEO of home financing at Skipton Building Society, said: “Everyone should have somewhere to call home, but achieving that today is an insurmountable struggle for far too many.
“We know it’s all very well highlighting key housing issues, but this doesn’t help anyone if you don’t spend time exploring and investing in the solutions.
“Which is why, I’m pleased to announce that as well as launching a brand-new first-time buyer range this week, we are also making cuts to a variety of mortgage our mortgage rates too. In doing so we’re helping to take another step forward in supporting home affordability.”
