Rates on 10-year fixed products for first-time buyers, house purchase and remortgage will rise by up to 0.55 per cent.
Rates are currently 5.24 per cent up to 60 per cent loan to value (LTV) and 5.39 per cent at 60-75 per cent LTV.
For borrowers who want a product transfer or additional borrowing, five-year fixed buy-to-let rates will increase by up to 1.5 per cent. At the same time, five and 10-year rates for residential borrowers seeking a product transfer or additional borrowing will increase by up to 1.55 per cent.
Skipton BS
Skipton Building Society has relaunched its two-year fixed residential mortgages, as well as its two- and five-year fixed buy-to-let deals for new borrowers.
The mutual is slowly resuming its offering for new business after it pulled out of this part of the market at the end of last month, following economic uncertainty resulting from the Chancellor’s growth plan.
It has also extended its five-year fixed residential range for new borrowers, which relaunched last week with deals up to 95 per cent LTV. Options were made available at 75, 80 and 90 per cent LTV or at 95 per cent LTV under the First Homes England scheme.
The mutual said five-year fixes will now be available across more lending tiers.
Skipton has also removed its discounted reversion rates for new business products, which is currently a 0.1 per cent reduction of its residential mortgage variable rate of 4.89 per cent.
