Skipton moves into 95% LTV lending

Ryan Bembridge

July 13, 2018

Skipton Building Society has moved into 95% loan-to-value lending.

Skipton has already promised £250 cashback on mortgages for its lifetime ISA customers.

Kris Brewster, Skipton’s head of products, said: “As one of the largest UK building societies, Skipton’s purpose has always been to support people in planning and preparing for their life ahead.

“By adding 95% mortgages to our product range we are giving homebuyers, including those purchasing for the first time, the opportunity to step onto the housing ladder sooner than they might have expected.

“In addition, Skipton has already promised that all LISA customers who take a mortgage with the society will receive £250 cashback as standard but they can increase that amount by £1,000 by taking our new LISA exclusive mortgage product.

“Our LISA customers have already received over £98m in cash Lifetime ISA bonus from HMRC to help first-time buyers on their journey towards buying a home.

“Since Skipton launched its cash LISA, more than 100,000 accounts have been opened sending a real signal of intent from our younger members that despite increasing house prices and squeezes on our wallets they are making a determined effort to get the keys to their first home.”

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