Sesame and PMS have launched an exclusive 85 per cent loan-to-value mortgage product via Skipton Building Society.
The three-year fixed rate is available only to appointed representatives of the network and mortgage club.
It is priced at 2.05 per cent and includes a free standard valuation, plus £250 cashback. The product also has no up-front booking or arrangement fee.
Rob McCoy, senior product manager at Sesame Bankhall Group, said: “Given all the costs of buying a new home the incentives of a free valuation and cashback, in addition to the low headline rate, will help to make this product very popular with our members’ customers.
“Skipton has once again shown its commitment to the intermediary market with this competitive product.”
This time last week, Sesame and PMS also launched a new panel of equity release brokers, to help other advisers review clients’ circumstances, carry out research and provide a detailed personal recommendation, while also taking full regulatory and professional indemnity responsibility.
The same day, Skipton launched a revised range of two and five-year fixed rate residential mortgages, with rates lowered by up to 0.17 per cent.
Adviser View
Danny Matthews, mortgage adviser and podcaster, said he felt a growing number of people will opt for three-year fixed rate deals soon. “Two years goes a little bit too quickly; I think people will start to prefer the certainty of three and five-year fixes in the next few years.
“The fact there is no booking fee and cashback with this deal is good as that can help with legal costs.”
emma.hughes@ft.com
