Skipton Building Society has launched into London and Scotland’s Help to Buy equity loan schemes.
As per the terms of the Help to Buy London scheme the government supplies an interest-free loan worth 40% of the purchase price, while in Scotland the government supplies a 15% loan.
Kris Brewster, the society’s head of products, said: “We are delighted to offer these new Help to Buy London and Scotland products, demonstrating Skipton’s continued commitment to supporting the needs of the new build market.
“We believe this new range offers great value for purchasers of new properties in London and Scotland and for those wishing to remortgage their existing new home.
“We have a total of 19 products in our Help to Buy product range, which we can now offer to the whole of the market via intermediaries and directly through Skipton. This will not only enable people to get the keys to their dream new home but to ensure it best meets their financial needs.”
The society’s Help to Buy London products to 95% loan-to-value are 2-year fixes at 2.25% with no fee and 1.79% with a £995 completion fee.
Its 5-year fixes meanwhile stand at 2.49% with a £1,995 completion fee, 2.59% with a £995 fee and 2.89% with no fee.
Buyers north of the border can take out Help to Buy Scotland products at 2.55% fixed for two years and 3.19% fixed for five years to 95% LTV.