Skipton reduces rates and reintroduce Base Rate Tracker

Simon White, Skipton International

The changes come into effect from 9am on Wednesday 18 January.

Skipton has cut the interest rates on a number of its mortgage products, by up to 0.30 per cent. This includes its five-year fixed rate at 90 per cent LTV with a rate of 5.49 per cent (was 5.79 per cent).  For remortgages, there is a five-year fixed rate, also at 5.49 per cent. All currently come fee-free.

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

Simon White, Skipton’s Director of Credit, said:

“Having reviewed market conditions as January has progressed, we’re taking the opportunity presented by falling market interest rates to reduce our product rates, and reintroduce our popular Base Rate Tracker products. Full details on all our products can be found at:

“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.”