Skipton launches ERC- free 2-year tracker

Michael Lloyd

April 12, 2018

Skipton Intermediaries will tomorrow launch five intermediary only products including a 2-year Tracker free of early repayment charges.

They include two new build purchase products, a 2-year fixed rate at 2.56% to 90% LTV with £500 cashback and a 5-year fix at 2.79% to 90% LTV with £1,000 cashback.

The ERC-free 2-year base rate tracker for purchase and remortgage is offered at 1.29% to 60% LTV while two 5-year residential fixes are offered at 1.91% to 70% LTV, with £1,995 fee for purchasers, and a fee free 2.03% to 60% LTV for those wishing to remortgage.

All five products offer free valuations.

Paul Darwin, Skipton’s director of intermediary relationships, said: “Skipton recognises the importance of New Build to both first time buyers and homemovers so we’re delighted to announce the release of these two keenly priced, high LTV Intermediary exclusive fixed rates.

“They will both help borrowers onto the housing ladder and help realise their dreams of homeownership, whilst also providing a cashback to assist with those initial costs associated with the move.

“We’ve created these Intermediary exclusives after listening and talking to our supporting brokers. They provide additional choice of product type, product term and cashback to our core range and with limited tranches of funds available we expect them to be very popular.”

Brokers making use of any of these products will also benefit from a preferential underwriting service and the ability to extend client offers for up to 12 months on a six plus six basis.

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