Skipton Building Society  

Skipton launches broker exclusives and cuts rates

Skipton launches broker exclusives and cuts rates

Skipton has launched two intermediary exclusives and cut rates on its existing residential products by up to 0.14 percentage points.

The exclusive deals are a 2.85 per cent five-year fix up to 90 per cent loan-to-value (LTV) for house purchase and a 1.95 per cent five-year fix up to 60 per cent LTV for remortgage.

Rate reductions on the existing range mean two-year fixes are available at 2.44 per cent to 90 per cent LTV for residential purchase and 1.59 per cent to 70 per cent LTV for residential remortgage. 

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A five-year fix is also available at 2.28 per cent to 85 per cent LTV for house purchase.

All the above products are fee-free, and come with free standard valuations and free standard legal fees on remortgages.

Skipton’s director of intermediary relationships Paul Darwin said: “The weather may have cooled off for some of us, but the mortgage market is hotter than ever. 

“I don’t think there has ever been quite as much choice available to brokers and their clients, so it’s great that once again we can bring to the market another couple of intermediary exclusives for all our broker partners and reduce the rates on some of our core range too.”

Tom Oliver, IFA at Newcastle-based Lamb and Associates, was particularly impressed with the 1.95 per cent remortgage rate.

He said: “With no arrangement fee they are very competitive, and as long as they have good service I don’t see any reason not to use them. It is good, strong stuff.

“I generally prefer some of the smaller lenders. The fact that [Skipton] are a building society makes them more approachable and easy to deal with.”

simon.allin@ft.com