Skipton lowers interest rates on three and five year fixed mortgages

Skipton Building Society is reducing interest rates on many of its current residential 3 and 5 Year Fixed Rate mortgages.

On top of this, all 5 Year fixed products will have a free standard valuation on purchases.

Interest rates are being lowered across the range, and there are two new 3 year fixed products offering 4.36% and 4.75% at 90%, dependant on fees. There is also a fee-free 3 year fix at 2.77% to 60% LTV.

Kris Brewster, the Society’s Head of Products, said: “We are continually looking to offer competitive rates on our mortgage range and by reducing the rates on our 3 and 5 Year fixed products, with a variety of fee options, we believe they will be attractive to homebuyers and remortgage customers wanting the security of fixing their mortgage payments over a longer period of time. These are products which suit a number of different borrower requirements.

“We’re continuing to lend strongly, in line with our commitment to doing everything to help borrowers, and the ongoing popularity of our products is a reflection of that.”

For more information, visit skipton.co.uk.