Skipton reduces mortgage rates

Thursday 19 January 2023

Skipton International has reduced mortgage product rates, and has reintroduced Base Rate Trackers.

Skipton has cut the interest rates on a number of its mortgage products, by up to 0.30 per cent, including its five-year fixed rate at 90 per cent LTV with a rate of 5.49 per cent.

For remortgages, there is a five-year fixed rate, also at 5.49 per cent. All mortgages currently come fee-free.

Skipton is also reintroducing Base Rate Tracker mortgage products, and seeking to further enhance choice by rolling out new borrower products later this month.

Explaining the rationale for the move, Simon White, Skipton’s Director of Credit, said: “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."