MortgagesNov 6 2015

Skipton offers to help

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Skipton offers to help

Skipton Building Society has launched three help-to-buy remortgage products over two, three and five-year fixed terms.

Paul Darwin, Skipton’s head of intermediary relationships, said: “As with our current help-to-buy distribution arrangement, products are available to our selected intermediary new-build panel.

“Skipton’s support for existing help-to-buy borrowers follows our announcement demonstrating a new approach to new-build lending in recognition of the specialist needs and demands of this growing segment of the residential market.”

Key features

Two-year fix to 75 per cent LTV, no fee, at 2.49 per cent

Three-year fix to 75 per cent LTV, no fee, at 2.65 per cent

Five-year fix to 75 per cent LTV, no fee, at 3.09 per cent

All fee-free with free valuations and standard legal service.

Adviser verdict

Andrew Montlake, a director for London-based Coreco, said in general, his firm was focusing more on lenders’ various criteria changes and service levels, but explained: “The good news and the message we need to get out is that there are mortgage products available for most borrowers and some pretty good options at that.”