Skipton’s SVR remains lowest of top 10 building societies

Following the recent announcement of an increase in the Bank of England’s base rate, borrowers with Skipton Building Society will be pleased to find the Society’s new SVR – at 7.14% - remains lower than any of the UK’s top 10 building societies.

In addition, the vast majority of Skipton’s investors will see their interest rates increase by 0.25% on 31 July, one day before the change in mortgage rates on 1 August.

John Goodfellow, chief executive, commented, "At each change of interest rates we attempt to balance the needs of our savers and borrowers. Having the lowest SVR as well as our extremely competitive investment rates ensures that all our customers see the reward of being a member of one of the UK’s leading building societies. I look forward to continuing this approach as rates change in the future.”