Ryan Bembridge

June 8, 2016

scissors cut

Skipton Building Society has cut mortgage rates by up to 0.34%.

On its ‘additional borrowing range’ residential rates now stand at 3.65% to 75% loan-to-value and 4.89% to 90% LTV, while 5-year fixes are priced at 4.59% to 75% LTV and 5.45% to 90% LTV.

Buy-to-let landlords can take out a 2-year fix at 4.49% to 75% LTV and a 5-year fix at 5.19% to 75% LTV.

PRA upholds 5.5% buy-to-let stress test

Products come with no completion fee.

Kris Brewster, Skipton’s head of products, said: “Whether home owners are looking to make improvements to their property or need the capital for other purposes, Skipton has a range of additional borrowing products available, with no application or completion fees to pay, providing you are an existing mortgage customer.

“We have made additional borrowing even attractive by lowering rates on our range of fixed rate products.”