Skipton Building Society is introducing rate reductions from Wednesday 1st May while Lendlnvest is launching a streamlined product transfer process with no legals.

The Skipton reductions will affect a number of its fixed and tracker rate products, including selected residential two-year fixes and its Track Record products.

The society will also be reintroducing higher loan-to-value (LTV) remortgage options, including residential 85% and 90% LTV fixed rate remortgage products.

Skipton is reducing the rate on its Track Record mortgage from 5.65% to 5.55%.

LendInvest Mortgages  has launched a new, streamlined Product Transfer process for its Buy-to-Let customers approaching the end of their fixed-term.

The new process boasts a reduced application form, dedicated underwriter support and no legals on pound-for-pound Product Transfers.

Made possible by the Mortgages Portal, the majority of the customers’ information is automated, with checks happening behind the scenes as we pull details from their case history.