Skipton BS announces widespread rate reductions

July 14, 2025 by Alan

Rates

Skipton Building Society has announced that it is cutting the rates across more than a hundred of its mortgage products, with these reductions set to apply to residential loans.

In total, the lender has cut the rates for 114 of its residential mortgage products. These reductions are applicable to all of the fixed rate residential loans and have now come into effect. People who already have a mortgage with Skipton BS will benefit from the reductions just as much as new borrowers, because they cover remortgage loans as well as purchase ones.

The biggest rate cuts to be announced by the lender are 0.27%, with these being applied to fixed five and two-year purchase loans. The products in question are the highest loan to value (LTV) ones, at 95% and 85% LTV. The fixed two-year loan with LTV of 95% now comes with a rate of 4.99%. The fee for that product is £495.

When it comes to the fixed five-year product with LTV of 85%, the rate has now been set at 4.43%. This product also comes with a fee of £1,295. There is a similar no fee product available from Skipton BS, with a rate of 4.60%. That also offers cash back of £500.

A number of other rate changes have also been confirmed, including to the fixed two-year loan with LTV of 90%. The rate for that has now been lowered to 4.87%. This product also comes with no fee.

Those studying for their CeMAP qualification to become a mortgage advisor will be pleased to see this, as rate cuts signal market health.