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Skipton BS changes residential rates and ups Track Record Mortgage
Skipton Building Society has lowered residential two-year fixed rates, made changes to its five-year fixed rates and upped its Track Record Mortgage.
Current equivalent residential and Track Record products will be withdrawn at 10pm today.
Residential two-year fixed rates will begin from 5.32% at 60% loan to value (LTV) with a £495 fee and 5.45% with no fee.
Residential five-year fixed rates are priced from 4.02% with no fee at 60% LTV and 4.78% with a £1,295 fee.
The lender’s Track Record Mortgage has been increased from 5.55% to 5.79%. Skipton added that, due to the way this specific product works, the rate increase may lower the maximum loan offered through the Track Record calculator.
The 5.55% rate will apply to applications submitted before 10pm on 6 June.
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Skipton has also introduced additional fee products in its residential two- and five-year fixed rate ranges and made changes to selected fixed buy-to-let (BTL), government scheme and existing customer-only product ranges.
On the BTL side, rates start from 5.47% for a two-year fixed rate at 60% LTV with a £995 fee.
Help to Buy deals are priced from 5.93%, while First Homes begin from 5.62% and shared ownership starts from 6.21%.
Last month, it was reported that Skipton had brought in £274m in applications to income boosters since its product rebrand.