Skipton Building Society  

Skipton targets first-time buyers in product refresh

Skipton targets first-time buyers in product refresh

Skipton Building Society has amended rates across its residential and buy-to-let mortgage range and introduced cashback offers tailored to first-time buyers.

Borrowers can now access a two-year residential rate at 1.93 per cent up to 75 per cent loan-to-value (LTV), available for purchase and remortgage and with no product fee.

The lender has also reduced rates on its five-year range, with a residential rate available at 2.71 per cent up to 90 per cent LTV for purchase only and with £1,000 cashback.

A five-year buy-to-let rate is also available at 2.19 per cent up to 60 per cent LTV, for purchase and remortgage and with a £995 fee.  

Skipton has moved to target first-time buyers in their product refresh, with these borrowers now able to access mortgages up to 95 per cent LTV with 1 per cent cash back or fixed amounts at £500 or £1,000.

Alex Beavis, senior product manager at Skipton, said: "Skipton's refreshed mortgage range continues to provide new and existing customers with competitive rates and the best levels of service to enable them to complete their purchase or remortgage as quick as possible.

"We have also taken the time to carefully consider our range available to our first time buyers as it is our duty as a mutual to do everything we can to help people in to homes and our refreshed range is designed to do just that."

rachel.addison@ft.com