Skipton returns to market with new five-year mortgage range

Skipton Building Society has has returned to the market with a new range of five-year fixed rate mortgages, which includes a 95% LTV product to support first-time buyers.

Related topics:  Mortgages
Rozi Jones
4th October 2022
Skipton
"We’ve prioritised getting five-year fixes into the market first, as our broker partners are telling us that’s what their clients need most."

With existing customers unaffected by last week’s temporary withdrawal, the five-year fixed rate range offers further choice in the marketplace for new customers.

Rates start from 5.85% up to 75% LTV, 5.89% to 80% LTV, and 5.99% up to 90% LTV, all with a £995 fee.

The Society is also offering a First Homes England product up to 95% LTV at 5.95% with a £495 fee.

The Society says it will continue monitoring its service levels to brokers and customers, staggering its rolling out of other products shortly.

Charlotte Harrison, Skipton’s head of mortgage products, said: “After temporarily withdrawing from the market last week, we promised we’d return as quickly as we could and that’s what we’re doing. We’ve prioritised getting five-year fixes into the market first, as our broker partners are telling us that’s what their clients need most.

“Being member owned, we’re not answerable to shareholders. This means all the decisions we make are based on the long-term best interest of the Society and our customers. Having protected our service levels and repriced our range following the changing market conditions, I’m pleased we’re back continuing to support borrowers during such fluctuating times.”

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