Skipton is cutting some mortgage rates by 0.2% but increasing others.
Despite rising swap rates Skipton BS has reduced some of its fixed and tracker rates by up to 0.2%.
The lender has made its 2 and 3 year fixed mortgage rates cheaper making home-ownership more affordable. In addition to cutting rates, it has also released a fee free discount mortgage at just 2.68%.
While Skipton has cut its 2 and 2 year fixed mortgage rates, it has announced its 5 year rates have increased. As well as increasing some rates it has also withdrawn certain products altogether.
Skipton's 3 and 5 year fixed mortgage rates offered for 60% loan to value have been pulled from its range, advising the reason for the withdrawal is due to the fixed tranche of funding being completely exhausted.
All other mortgage products within Skipton's range remain unchanged.
If you are looking for a fixed rate mortgage you are advised to contact Deal Direct, we will make a review of the entire mortgage market to come up with a competitive deal to match your circumstances and available deposit.
With predictions being for mortgage rates to increase, you are advised to look for a deal sooner rather than later.
While Skipton are reducing some rates and increasing others, other lenders are just increasing rates without offering any others at a lower levels. With rates on the increase, any delay in finding a mortgage could mean paying more for your home.
Call an adviser today on 0800 048 8828,
for advice and a quote.
