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Skipton has cut the interest rates on a number of its mortgage products by up to 0.3%.
This includes its five-year fixed rate at 90% LTV with a rate of 5.49%. For remortgages, there is a five-year fixed rate, also at 5.49 per cent, all of which are currently fee-free.
The lender is also reintroducing Base Rate Tracker mortgage products, and seeking to further enhance choice by rolling out new borrower products later this month.
The changes came into effect from 09:00 on Wednesday 18 January.
Simon White, Skipton’s Director of Credit and pictured above, said: “Having reviewed market conditions as January has progressed, we’re taking the opportunity presented by falling market interest rates to reduce our product rates, and reintroduce our popular Base Rate Tracker products.
“We hope that by reducing rates and reintroducing products we will be able to support a variety of borrowers, whether they are for new purchases or remortgaging.
“Full details on all our products can be found on our website.”
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