Skipton to unveil 3-year cashback products

Ryan Bembridge

June 11, 2018

Skipton Building Society will launch a number of 3-year fixed rate products with £500 cashback for purchase and remortgage tomorrow.

The 3-year fixes stand at 2.16% to 60% loan-to-value, 2.23% to 75% LTV and 2.42% to 85% LTV.

Kris Brewster, Skipton’s head of products, said: “Skipton’s new refreshed residential range has an emphasis on offering wide choice and good value and we’re delighted to introduce new 3-year fixes offering £500 cashback, as well as continuing to offer our range of “Hexit” products.

“The society’s clear message continues to be that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale.

“These new products are available through the society’s Skipton Direct customer service centre, branches and all intermediaries.”

Also available are products designed for those switching to a Help to Buy mortgage. This offers £1,000 cashback and includes a 2-year fix at 2.29% to 75% LTV.

Meanwhile borrowers can take out 5-year fixes for purchase, including fee-free products at 2.69% to 90% LTV and 1.83% to 60% LTV with £1,995 fee.

For those wishing to remortgage, the range offers a fee-free 2-year fix at 1.99% to 60% LTV and a fee-free 2-year fix at 2.34% to 90% LTV, both offering free upfront valuation and standard legal fees.

The new range also includes a 7-year fix at 2.99% to 90% LTV with no fee for purchase and remortgage.

Purchase products offer free valuation while remortgage products also include free standard legals.

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