Skipton launches limited edition fixed rates
They comprise two 60% LTV products with no application or completion fee to help your lower LTV clients remortgage with minimal up-front costs. The rate for a two-year fix is 2.39% and 2.78% for a three-year fix.
The third product is a two year fixed rate at 90% LTV with rates starting from 3.99%.
The new products are available from today.
Kris Brewster, Skipton’s head of products, said: “We like to keep our range fresh and interesting, and this sometimes involves us launching special, limited edition products such as these.
“The recent launch of the Help to Buy scheme is designed to help first-time buyers with smaller deposits but there are still very few products available at 95% LTV.
“However, we believe that offering very attractive rates at 90% LTV could be a real benefit for those who are able to save up to a 10% deposit, especially as the rates are a lot lower than at 95% LTV. Our new two year fixed rate to 90% LTV, at 3.99%, is one of the lowest rates available, especially in the intermediary market.
“It is a signal of the society’s ongoing commitment to helping first and next-time buyers.”
He added: “Meanwhile, at the other end of the spectrum, our new 60% LTV products are fee free, to make remortgaging to Skipton as easy and affordable as possible for people within this bracket.
“These latest offerings complement our existing, varied range which includes products catering for differing LTV and fee needs, as well as Buy to Let mortgages for property investors.”
The remainder of Skipton’s mortgage range remains available and unchanged with the exception of the existing two year fixed rate at 90% LTV at 4.19%, which has been withdrawn to make way for the new product at 3.99%.