Mortgages  

L&G rolls out Skipton mortgage deals

Legal & General Mortgage Club is set to launch a new set of mortgage deals with Skipton Building Society, available from tomorrow (1 October).

The mortgages are a range of two-year fixed rate deals offered on loan-to-values of 70 per cent, 80 per cent and 90 per cent.

Rates on the new products start from just 1.94 per cent.

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All products come with a free valuation and legal fees for those re-mortgaging and free valuation for purchase customers.

Martyn Smith, head of mortgage products at Legal & General Network, said: “This is a very competitive and comprehensive portfolio of semi-exclusives from Skipton Building Society, offering a wide range of rate and fee combinations.

“Brokers will be able to help their customers find the best option based on their loan requirements and personal preferences. The added incentives make these products even more attractive and will no doubt prove popular with our mortgage club members.”

Paul Darwin, head of intermediary sales at Skipton Building Society, added: “We have a strong relationship with our distributors and continually design products in response to their feedback about specific requirements. In line with this, we’re delighted to come to market with these semi exclusive products which offer something for a range of different needs, with a triple tier of fee options – from high to medium and no fee.

“This also recognises that people have different requirements depending on their geographical location and, as a consequence, may need an alternative product structure, including options for both rate and fee.

“By adopting a more flexible approach, we are recognising the importance of greater customer choice.”