Skipton Building Society has cut the rate on a number of residential and buy-to-let (BTL) mortgages by up to 0.5 per cent and introduced two high loan to value (LTV) products.
The changes are effective from Monday and include an 0.11 per cent reduction to its fee-free two-year fixed product at 95 per cent LTV, which is now priced at 3.72 per cent. The product also has a £500 cashback.
The two-year fixed remortgage only product, which is available up to 60 per cent LTV, has also been cut from 1.09 per cent to 1.02 per cent. It comes with a £995 fee.
Its BTL purchase and remortgage two-year fixed at 60 per cent LTV has decreased from 1.61 per cent to 1.52 per cent. The product comes with a £995 fee.
The new products include a fee-free two-year fixed at 95 per cent LTV, which has a rate of 3.72 per cent, and a two-year fixed at 95 per cent LTV which has a rate of 3.45 per cent. The latter product comes with a £495 fee.
The mutual has also extended its core range of products to include new build applications up to 90 per cent LTV.
Skipton’s mortgage products head Charlotte Harrison (pictured), who joined the lender earlier this month, said: “We’re delighted to be able to offer lower rates on a number of residential and buy-to-let mortgages across our range to not only support those customers looking to fulfil their home-buying aspirations but also those looking to remortgage and benefit from a new competitive deal.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
