Skipton Building Society has launched a new range of mortgage products featuring lower rates and free valuations for house purchase customers on selected deals.
Key product changes:
2 Year Fix to 60% LTV at 1.99% (was 2.08%, down 0.09%) Application fee: £195, completion fee: £800;
2 Year Fix to 60% LTV at 2.09% – with free valuation, purchase only (new product)
- Application fee: £195, completion fee: £800;
2 Year Fix to 70% LTV at 2.09% (was 2.23%, down 0.14%)
- Application fee: £195, completion fee: £800;
2 Year Fix to 70% LTV at 2.19% – with free valuation, purchase only (new product)
Application fee: £195, completion fee: £800;
2 Year Fix to 75% LTV at 2.38% (was 2.48%, down 0.10%)
- Application fee: £195, completion fee: £800;
2 Year Fix to 75% LTV at 2.78% – no fees (was 2.88%, down 0.10%)
- Application fee: £0, completion fee: £0.
The mutual has also extended the availability of its tw0-year fix to 90% LTV at 3.99%, with £160 cashback, until 30 September 2015.
Criteria applicable to all of the above products:
- Fixed until 30 September 2015;
- Early repayment charges: 3/2% of capital repaid and, after the product end date, interest to the end of the month;
- Overpayments of up to 10% per annum allowed without charge;
- Free standard legals and valuations available on all remortgage products.
These new products are available through the Society’s Skipton Direct customer service centre, branches and all intermediaries, for purchases and remortgages.
Kris Brewster, Skipton’s head of products, said: “We’re delighted to be able to underline our commitment to lending strongly, and doing everything we can to help homeowners achieve their aspirations, through further downward rate reductions on selected products.
“These changes will enable us to continue offering competitive options across a range of LTVs.
“The introduction of free valuations for house purchase customers on selected products increases choice within our range and offers them the option to pay lower up-front costs when purchasing a home, something that we believe will appeal to a broad range of people.”