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Skipton Building Society has become the latest lender to offer sub-5% home loans, as it unveils a range of rate reductions. The mutual’s broker-only arm has launched a five-year 60% loan-to-value deal for purchase and remortgage at 4.99%, with free legals for remortgages. It has also cut its track record mortgage
It comes as lenders have continued to cut mortgage rates at pace this week, with several more high street names bringing out deals below the 5% mark.
Virgin Money will offer seven-day special five-year remortgages starting at 4.90% from tomorrow (4 October). The high street lender will also cut rates on other remortgage and purchase exclusives, as well as switching products by as much as 25 basis points. The firm’s reductions cover: Remortgage exclusives –
TSB has become the latest lender cut rates below 5% after announcing it will make further reductions to its residential, product transfer and additional borrowing range by up to 0.35%. With rates starting from 4.89%, TSB is following other high street banks such as Santander by introducing sub-5% deals. The lender is
Lenders have continued to cut their mortgage rates at pace this week, with several more high street names bringing out deals below the 5% mark.