The Skipton Building Society announced changes following the Bank of England Base rate change helping many families with cheaper Mortgages. Skipton Building Society stated:

Following the Bank of England’s Monetary Policy Committee announced a 0.25% decrease to the base rate. The Bank of England Base Rate now stands at 4.75%. As a result of this announcement, we can now confirm the following:

All Skipton Building Society customers who have mortgages which track the Bank of England Base Rate will see their account interest rate change (subject to any product rate cap) in line with their terms and conditions. For most Base Rate Tracker products, rates will be decreased no later than 14 days from today, 7 November 2024.

Our current, on sale Base Rate Tracker mortgage products will continue to be available until 10pm Sunday 10 November. The new rates reflecting the 0.25% Bank of England Base Rate decrease will be available from Monday 11 November.

Here at Golden Rock Solutions we source information so you get the best support, service & speedy delivery and obviously price for your Mortgage needs (that’s residential, buy to let or commercial solutions) Also how you protect your mortgage after all you are in a contract and any one can be ill! We can help with life insurance, Mortgage protection, Critical illness Protection and income protection

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Your home may be repossessed if you do not keep up with your repayments.