Skipton Intermediaries has launched five new intermediary-only products including a two-year tracker free of early repayment charges.
They also include two New Build purchase products, a two-year fixed rate at 2.56 per cent to 90 per cent loan-to-value with £500 cashback and a five-year fix at 2.79 per cent to 90 per cent LTV with £1,000 cashback.
Paul Darwin, Skipton’s director of intermediary relationships, said: "Skipton recognises the importance of New Build to both first time buyers and homemovers so we’re delighted to announce the release of these two keenly priced, high LTV Intermediary exclusive fixed rates.
"They will both help borrowers onto the housing ladder and help realise their dreams of homeownership, whilst also providing a cashback to assist with those initial costs associated with the move.
"We’ve created these Intermediary exclusives after listening and talking to our supporting brokers. They provide additional choice of product type, product term and cashback to our core range and with limited tranches of funds available we expect them to be very popular."
The ERC-free two-year base rate tracker, for purchase and remortgage, is offered at 1.29 per cent to 60 per cent LTV while two five-year residential fixes are offered at 1.91 per cent to 70 per cent LTV, with £1,995 fee for purchasers, and a fee free 2.03 per cent to 60 per cent LTV for those wishing to remortgage.
All five products offer free valuations.
David Hollingworth, of London & Country Mortgages, said: "Skipton has done really well at establishing itself as a new build lender and this only helps with that by putting out broker exclusives.
"They are not going to be the lowest rate, but there is not fee, there is a free valuation and the cashback adds to the value. They are also going up to 90 per cent LTV, which is not common on new build."
damian.fantato@ft.com
