Skipton Building Society backs Help to Buy
The 2-year fixed rate comes at 2.89% while the 5-year is 3.69%, both at 75% loan to value.
Variable wise a 2-year rate is 2.59% while a 3-year is 2.69%, also at 75% loan to value.
Kris Brewster, Skipton’s head of products, said: “We’re acutely aware of the struggles first time buyers still face in trying to get that first step on raising a big enough deposit to get on the property ladder.
“With this in mind, we’ve decided to strengthen our already competitive higher LTV range with five additional Help to Buy bespoke products. As a 160-year-old mutual, our founding values were centred on enabling people to own their own homes.
“These latest product offerings will see us continue to live out these principles and make home ownership an affordable reality for even more of our members.”
All the new products from the UK’s fourth largest building society are fee free with £500 cashback on completion.
The building society has already granted 2,283 mortgages to first time buyers in 2013 due to the high loan to value of their products.