Wednesday, October 20, 2021
Finance

Skipton launches new residential mortgage range

residential mortgage

The 95% LTV products are available for both FTBs and home movers

Skipton Building Society has launched a refreshed residential mortgage range with various rate reductions and a new 95% LTV range, which are available for both first-time buyers and home movers.

New 95% LTV range include a two-year fix at 3.95%, and a five-year product reduced from 4.17% to 4.09%, both with no fee.

The 95% LTV products are now available for both first time buyers (FTBs) and home movers, including shared ownership.

Reductions to Skipton’s residential range includes two-year fixed rates which are now available from 1.13% at 60% LTV and 2.49% at 85% LTV, both with a £995 fee.

New five-year fixed rates include a 60% LTV product at 1.37% with a £995 fee or 1.57% fee-free. An 85% LTV product has reduced to 2.77% with a £995 fee and a 90% LTV product is available at 3.55% with no fee.

Alex Beavis, Skipton’s head of mortgages, said: We’re delighted to offer rate reductions across our refreshed residential purchase mortgage range. Skipton has been helping people to secure their own homes since 1853 and continues to bring a variety of mortgage options for customers to suit their needs.

We’re also pleased to offer our 95% LTV mortgages to both first-time buyers and those wanting to move home, Beavis said.

He said: We’re currently averaging just over 10 days from application to offer, based on an average rolling 30-day figure. However, we expect this new range to be very popular and therefore encourage fully packaged purchase applications to be submitted as soon as possible to help us continue to offer this exceptional level of service.

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