Skipton Building Society has reduced rates across a series of mortgage products including its 100 per cent loan to value (LTV) track record option.
The rate of the 100 per cent LTV product, which is open to renters and based on 12 months of rental payments, has been cut from 6.44 per cent to 6.29 per cent.
Elsewhere, the lender has reduced the rate of its five-year fix at 95 per cent LTV from 6.24 per cent to 6.22 per cent. This has no fee.
It has also lowered the rate of its two-year fixed product at 60 per cent LTV from 6.02 per cent to 5.96 per cent. This has a £1,495 fee.
For buy-to-let borrowers, the five-year fixed option at 60 per cent LTV with a £1,995 fee has been cut from 5.74 per cent to 5.62 per cent.
Jennifer Lloyd (pictured), senior mortgage product lead at Skipton Building Society, said: “We continually monitor market conditions and ensure we respond accordingly, which is why we’re reducing rates across much of our range.
“This includes our existing customer only range – we’re committed to giving members our best deals, which they can get via their broker or us directly.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
