Skipton launching products linked to government schemes

Jake Carter

March 1, 2021

Skipton Building Society is introducing a series of products linked to government schemes.

The products are linked to Help to Buy, Shared Ownership and the Scottish First Home Fund Scheme.

As well as introducing new products, the lender is extending end dates to August on the government scheme products.

The introductions and amendments will be effective from 3 March.

The building society is reducing rates from between 0.05% to 0.15% on selected government scheme offerings.

It is also introducing a 60% LTV product with a £995 fee at 1.79% available for Help to Buy deals.

A 75% LTV Help to Buy product with a £995 fee at 1.99%, is also being made available.

Furthermore, 2-year and 5-year fixed Shared Ownership products at 85% and 90% LTV with no fees are set to be introduced.

Skipton is also now lending on Scottish First Home Fund scheme.

These products are available direct from the lender or through intermediaries, except the Scottish First Home Fund Scheme products which can only be accessed through mortgage brokers.

Alex Beavis, head of mortgages at Skipton Building Society, said: “We’re delighted to launch these new products linked to government help schemes and which support those who might not normally be able to get their feet on the first rung of the homeowning ladder.

“By doing this, Skipton is serving its purpose as a mutual, offering products to all types of applicants and making sure they are in a good place.”

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