Skipton’s Round Of Rate Cuts Extends To No-Deposit Track Record Mortgage
Skipton building society has cut fixed rates by up to 0.22 percentage points across its standard residential range – including its 100% Track Record mortgage deal – as lenders jostle for new business, writes Jo Thornhill.
Following a fall in swap rates in recent weeks – the interbank interest rates which lenders use to price their fixed mortgage rates – all major lenders have taken a knife to their popular mortgage deals cutting costs for borrowers.
Skipton, the UK’s 11th largest mortgage lender, followed suit today with reduced rates which will be available from tomorrow (18 August).
Rate cuts extend to the lender’s Track Record mortgage which has been reduced by 0.15 percentage points from 6.44% to 6.29%. This fee-free five-year fixed rate loan is available to first time buyers with no deposit but who have proof of paying 12 consecutive months rent in the past 18 months, among other conditions.
Loading…
Source: www.forbes.com
ENB
Sandstone Group
