The new products range from 60% LTV to 90% LTV and offer free valuations on purchase products and free valuations and standard legals for remortgages.
Kris Brewster, the Society’s Head of Products, said: "We are pleased to announce the launch of these new products which offer two year discounts on our MVR from the date of completion. In the present low rate environment, we believe they offer very attractive rates of interest to homebuyers whatever size of deposit they may have and offer an alternative option to fixed rates.
We continue to strive to offer our customers best value products and we're constantly monitoring the marketplace and introducing new products to ensure they remain attractive.”
|
Product |
End Dates |
Max LTV |
Availability |
Incentives |
Initial Pay Rate |
Comp Fee |
|
|
2 Year Discount to 60% LTV |
2 Years |
60% |
Purchase |
Free Valuation |
1.29% (RMVR – 3.45%) |
£995 |
|
|
Remortgage |
Free Standard Legals for Remo |
||||||
|
2 Year Discount to 70% LTV |
2 Years |
70% |
Purchase |
Free Valuation |
1.38% (RMVR – 3.36%) |
£995 |
|
|
Remortgage |
Free Standard Legals for Remo |
||||||
|
2 Year Discount to 75% LTV |
2 Years |
75% |
Purchase |
Free Valuation |
1.45% (RMVR – 3.29%) |
£995 |
|
|
Remortgage |
Free Standard Legals for Remo |
||||||
|
2 Year Discount to 80% LTV |
2 Years |
80% |
Purchase |
Free Valuation |
1.60% (RMVR – 3.14%) |
£995 |
|
|
Remortgage |
Free Standard Legals for Remo |
||||||
|
2 Year Discount to 85% LTV |
2 Years |
85% |
Purchase |
Free Valuation |
1.75% (RMVR – 2.99%) |
£995 |
|
|
Remortgage |
Free Standard Legals for Remo |
||||||
|
2 Year Discount to 90% LTV |
2 Years |
90% |
Purchase |
Free Valuation |
2.25% (RMVR – 2.49%) |
£995 |
Criteria applicable to all of the above products
- Early repayment charges of 0.5% for two years of capital repaid then interest to the end of the month;
- Overpayments of up to 10% per annum allowed without penalty;
- Available for purchases and remortgages;
- Free standard legals and valuations for remortgages and free standard valuation on purchases.
- These new products are available through the Society's Skipton Direct customer service centre and all intermediaries.
