Skipton cuts rates on residential and buy to let mortgages

Skipton Building Society is further enhancing its attractive mortgage offering by reducing rates on selected residential and buy-to-let fixed rate products.

Responding to market trends which have seen a reduction in ‘swap' rates recently, the Society is launching a number of new products to ensure our offering remains among the most competitive available.

This latest move complements the varied and competitive range of attractive fixed and tracker products already available from Skipton, one of the few lenders to offer loans requiring a deposit of just 5%. The Society also provides buy-to-let mortgages up to 70% loan to value for those looking to purchase property as an investment.

Skipton's Head of Products, Kris Brewster, said: "There has been some downward movement in swap rates over the past couple of weeks, as the market adjusts to the prospect of Bank Base Rate remaining lower for longer than had been anticipated.

"Therefore, we've reduced the rates on a selection of residential 2 and 3-year fixes accordingly, as we continue to ensure mortgages remain among the best value available.

"We have also taken this opportunity to cut rates on our buy-to-let product range. Our range has been performing very well in recent months and these latest products will mean we continue to have some of the lowest priced buy-to-let products available.

"These latest moves are part of our mutual commitment to providing our borrowers with value, flexibility and choice - with competitive mortgages designed to help them achieve their homeownership aspirations - whatever they might be."

Anyone wishing to find out more about our new mortgage range can visit the Society's website at skipton.co.uk/mortgages.