Skipton will cut rates across selected fixed mortgages for new business and existing customers, including its headline-grabbing 100% home loan for first-time buyers.
The mutual’s Track Record 100% mortgage will be reduced by 15 basis points to 6.29% from 9am tomorrow (18 August).
Other highlights among Skipton’s rate reductions include:
The lender’s 100% LTV home loan, launched in May, attracted a great deal of attention as it was one of the first no-deposit deals offered by a major lender for some years.
Since the 2008 financial crisis, regulators have deemed these loans can contribute towards wider instability across the economy.
But Skipton says the offer is designed to help some of the UK’s 4.6 million renting households get onto the property ladder.
