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Skipton BS cuts rates and adds products

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  • 27/02/2023
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Skipton BS cuts rates and adds products
Skipton Building Society will reduce select residential and buy-to-let products and add various deals.

The changes come into force from 9am tomorrow.

It includes rate reductions to its two and five-year fixed rate residential rates, with the largest rate cut coming to 0.24 per cent. This includes its two-year residential fixed rate at 90 per cent loan to value (LTV) with no fee, which fell to 5.16 per cent.

Its five-year fixed residential rate at 95 per cent LTV with £495 fee is priced at 4.99 per cent and is the first of its five-year fixed residential rate below 95 per cent LTV to go below five per cent.

The lender is also cutting two-year fixed rate buy-to-let products.

Skipton Building Society is also bringing out five-year fixed rate residential products for existing customers.

This includes a five-year residential 60 per cent LTV with £995 fee product which is priced at 4.16 per cent.

The lender has also brought out two and five-year fixed Scottish First Home Fund Scheme products and is withdrawing its 70 per cent LTV products for existing customers only.

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