The Society will offer an extended range across all current fixed rate terms (2,3,5 and 7 years) with purchase and remortgage products now priced separately, new LTV bands and no, low and high fee options at every LTV segment. Each product has been designed to ensure people can select the best deal at their chosen LTV band.
The Society has also taken the decision to add new deals at 50% LTV to offer customers with substantial equity or large deposits access to competitive rates.
As part of the extension to the Society’s mortgage range, Skipton is introducing a suite of new fixed rate products too, including a market leading fee free 3-year fixed rate to 85% LTV at 3.55% for purchasing customers; a 2-year fixed rate to 90% LTV at 3.57% with a fee of £1,995 for purchasing customers; and a fee free 5-year fixed rate to 60% LTV at 3.18% for remortgaging customers.
Kris Brewster, Skipton’s Head of Products, said:
“Whether it’s your first property or your fifth, buying a home is one of the biggest financial commitments you will ever make. No two people are the same when it comes to looking at financial circumstances, needs and preferences for a mortgage. So we’ve listened to homebuyers and brokers and have extended our award winning mortgage range to give people much more choice and as many different options as possible to help suit their many different needs.”
