Skipton Building Society is cutting interest rates by up to 36bps on 75 of its mortgage products.
This includes: It has reduced the amount of its 100% mortgage, the Track Record Mortgage, which aims to help 'trapped' renters get onto the housing ladder. This has been reduced by 15bps, bringing the cost to 5.29%, the lowest rate since its introduction in May 2023. 
The biggest price reduction is for first-time buyers only, with a 5-year fixed term for residential properties, which has a LTV of 90%. The deal, with £1,500 cashback, is priced at 4.89%, a reduction of 36bps.
The lowest rate in that range would be a 5-year fixed rate (60% LTV) on a home purchase. The future price will be reduced by 16 bps to 3.99%. There is a fee of £2,995 on this mortgage.
Skipton has also reduced interest rates on some of its most popular housing deals. This includes 2 years of fee-free amendments on purchases at 90% LTV. The current price is 5.34%, a decrease of 12bps.
All of these various rate cuts will come into effect from Monday, September 30th.
Jennifer Lloyd, head of mortgage products and propositions at Skipton BS, said: “We are delighted to announce 75 rate reductions across our mortgage product range, across a range of LTVs and product types.” I am.
