Skipton Building Society is cutting rates by up to 0.84 per cent on its new build property mortgage products.
Its new build two-year fixed rate purchase mortgage range now offers a fee-free 2.75 per cent and 2.35 per cent at 90 per cent loan-to-value – the latter with a £995 completion fee.
Kris Brewster, Skipton’s head of products, said: “We believe our new build residential products offer very attractive rates and will help first time buyers and those looking to move up the housing ladder to realise their dream of moving into a new property.
“All new build applications to Skipton are given a priority underwrite within its specialist underwriting team.”
The proposition also includes a five-year fixed rate purchase range offers a fee-free 3.15 per cent and 2.95 per cent with a £995 fee – both at 90 per cent LTV.
Skipton’s new build proposition includes a range of products, policies and services tailored to give new home buyers the best possible experience and increase support for the new build market.
New build products all include free upfront valuations.
Meanwhile Skipton is also offering revised rates on its 90 per cent LTV core range products.
Two-year fixed-rate purchase product rates include 2.13 per cent with £995 completion fee and fee free 2.56 per cent, both with free upfront valuations.
Meanwhile two-year fixed-rate remortgage rates include 2.09 per cent with £995 completion free and fee free 2.59 per cent, both with free upfront valuations and standard legal fees.
Nick Green, a mortgage broker with Coventry-based Alternative Estates and Financial Services, said: “I don’t do a massive amount of new builds. For the last few new builds I have done it tends to be Halifax and Nationwide who have the best rates.
“The affordable housing schemes tend to have the rates and the flexibility.”
