Skipton announces mortgage rate reductions

Skipton International has announced mortgage interest rate reductions of up to 60 basis points (bps) on its core products for Channel Islanders. The revised rates now start at 5.39% / 6.20% APR for residential mortgage products, and 6.19% / 7.19% APR for Channel Island buy-to-let borrowing. Both rates are available on a five-year fixed rate basis.

The recent drop in Bank of England Base Rate expectations have paved the way for some shifts in pricing,” said Lorraine McLean, Senior Mortgage Sales Manager at Skipton International.

“We’re pleased to be able to announce these cuts to our core product range for our borrowers. These offer better value for new and existing customers.”

“These rate cuts, alongside our affordability, means we may be able to lend more than others, and ensures Skipton International remains competitive in the mortgage market.”

The bank’s UK buy-to-let mortgages for expats and foreign nationals now start at 5.99% / 7.00% APR, again on a five-year fixed deal.

To find out more about the current mortgages on offer, visit: Guernsey, Jersey and Expat Mortgages | Skipton International