New mortgage tracker range offers rates as low as 1.17%

Skipton Building Society is offering rates as low as 1.17% as part of a new residential Tracker Range being launched tomorrow (June 30).

The new 2 Year tracker range for both new and existing customers includes a 1.17% to 60% LTV, 1.40% to 75% LTV and 1.71% to 85% LTV, all with £495 fees. Remortgage customers are offered free valuation and standards legal fees.

The 3 year fee free retention tracker range for remortgages includes 1.53% to 60% LTV, 1.73% to 75% LTV and 2.49% to 90% LTV. All enjoy free valuations, no early repayment charges and unlimited overpayments. These remortgage products are only available to existing customers and intermediaries who are currently part of Skipton’s mortgage retention pilot, a service which Skipton will fully implement by the end of the year.

Two new fee free 2 year trackers are added to Skipton’s interest-only mortgage range at 1.58% to 60% LTV and 1.70% to 70% LTV.

All the above products will track the Bank of England Base Rate which is currently 0.25%.

The society has also launched two new 5 Year Fixed products to join the range of Skipton products which are only available through intermediaries.

Kris Brewster, Skipton's Head of Products, said: "Earlier this month we launched our new Interest Only mortgage range and cut many core residential mortgage rates, and we are now taking the opportunity to give home buyers even more choice with the introduction of our new tracker range.”