Skipton has reduced mortgage rates across its residential fixed rate range. This includes its five-year fixed rate products.
The reductions range from 0.30% and 0.50%, and will be applied across its product range, including for both purchase and remortgage applications, with effect from Thursday 10 November.
Rates on its five-year fixed mortgage product with no arrangement fees now start at 5.49% for up to 75% loan to value.
The 100% Next Generation mortgage is now 6.19%.
Lorraine McLean (pictured), Jersey Manager at Skipton said: “Despite the base rate rising by a further 0.75%, we are committed to keeping rates as low as possible to support local homebuyers through these challenging times.
“This move is one of the many initiatives we have launched to ease the burden of buying a home or remortgaging in the current market. We will work with the
industry and policy makers to do everything we can to keep rates as low as possible.”