The Skipton Building Society has cut rates by up to 0.20 percentage points across selected two and five year residential fixed rate mortgages and has launched an exclusive low rate product with Personal Touch Financial Services.
The reduced rate products all include a free valuation and the range includes a two-year fix at 1.79% to 80% LTV with £995 fee for house purchases and a two-year fix at 1.49% to 60% LTV for remortgages.
The five-year fixed range now includes rates at 2.45% to 70% LTV with £995 fee for purchases and 2.12% to 60% LTV for remortgages with a £1995 fee.
Key product details:
Product | End Dates | Max LTV | Availability | Incentives | Pay Rate | Comp Fee | |
| 2 Year Fix to 80% LTV | 30.09.18 | 80% | Purchases | Free Valuation | 1.79% | £995 | |
| 2 Year Fix to 90% LTV | 30.09.18 | 90% | Purchases | Free Valuation | 2.45% | £995 | |
| 2 Year Fix to 60% LTV | 30.09.18 | 60% | Remortgages | Free Valuation & standard legals | 1.49% | £995 | |
| 5 Year Fix to 60% LTV | 30.09.21 | 60% | Purchases | Free Valuation | 2.15% | £1,995 | |
| 5 Year Fix to 70% LTV | 30.09.21 | 70% | Purchases | Free Valuation | 2.35% | £1,995 | |
| 5 Year Fix to 70% LTV | 30.09.21 | 70% | Purchases | Free Valuation | 2.45% | £995 | |
| 5 Year Fix to 75% LTV | 30.09.21 | 75% | Purchases | Free Valuation | 2.41% | £1,995 | |
| 5 Year Fix to 75% LTV | 30.09.21 | 75% | Purchases | Free Valuation | 2.51% | £995 | |
| 5 Year Fix to 80% LTV | 30.09.21 | 80% | Purchases | Free Valuation | 2.52% | £1,995 | |
| 5 Year Fix to 90% LTV | 30.09.21 | 90% | Purchases | Free Valuation | 3.08% | £1,995 | |
| 5 Year Fix to 60% LTV | 30.09.21 | 60% | Remortgages | Free Valuation & standard legals | 2.12% | £1,995 | |
| 5 Year Fix to 70% LTV | 30.09.21 | 70% | Remortgages | Free Valuation & standard legals | 2.39% | £1,995 | |
| 5 Year Fix to 75% LTV | 30.09.21 | 75% | Remortgages | Free Valuation & standard legals | 2.42% | £1,995 |
In addition, Skipton has also launched an exclusive, low rate two year fixed mortgage with Personal Touch Financial Services available for both purchases and remortgages. This exclusive product is available up to 75% LTV and not only provides a free valuation but also includes £250 cash back on completion. It has a £995 completion fee.
Kris Brewster (pictured), Skipton’s head of products, said: “We believe our two and five year products offer very attractive rates and will help first time buyers and those looking to move up the housing ladder to realise their dream of moving into a new property. We are also delighted to offer an exclusive product with Personal Touch, demonstrating Skipton’s continued commitment to supporting the needs of our customers and brokers.
“This new reduced rate range from Skipton offers great value for purchasers and for those wishing to remortgage their existing new home.”
