Skipton Building Society has made a range of rate reductions to select fixed rates and launched three-year fixed deals.
From 9am tomorrow, the lender will make rate cuts to its residential, buy to let, new build and government scheme product ranges.
The firm has also extended its end dates to December 2025/2026/2028 on selected products in its residential and buy-to-let product ranges.
End dates for new build and government scheme ranges have been extended to March 2026 and 2029.
The company has also withdrawn select fixed residential rates.
Justin Moy, managing director at EHF Mortgages, said: “It’s encouraging to see another week kick off with more rate reductions, and the introduction of the three-year fixed range will interest borrowers and brokers alike, especially with market speculation that rates will stay higher for longer.
“Tracker margins are priced a little better but the fixed rate reductions are small and are not going to have any significant impact on the market unfortunately.”
Gary Bush, financial adviser at MortgageShop.com, added: “It’s been a good two weeks for lender fixed rate reductions, fuelled in part by the governor of the Bank of England’s comments that rates may be nearing their peak.
“In the current climate, three could be the new two for many borrowers as three-year fixes come in slightly cheaper and don’t lock you in for as long as a five-year fix.”
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.
