Skipton Building Society has introduced a new selection of residential two-year discount products.
The new discount range includes a variety of two-year discounted rate products.
Highlights include:
| Product | LTV | Rate | App Fee | Comp Fee | ERCs | Overpayments | APR |
| 2 Year Discount to 60% LTV – £995 | 60% | 1.59%
(RMVR -3.40%) |
£195 | £800 | 1% for 2 years | 10% for 2 years | 4.8% |
| 2 Year Discount to 60% LTV – No Fee | 60% | 1.99%
(RMVR -3.00%) |
£0 | £0 | 1% for 2 years | 10% for 2 years | 4.7% |
| 2 Year Discount to 75% LTV – £495 | 75% | 1.89%
(RMVR -3.10%) |
£195 | £300 | 1% for 2 years | 10% for 2 years | 4.8% |
| 2 Year Discount to 75% LTV – No Fee | 75% | 2.24%
(RMVR -2.75%) |
£0 | £0 | 1% for 2 years | 10% for 2 years | 4.8% |
| 2 Year Discount to 85% LTV – £495 | 85% | 2.49%
(RMVR -2.50%) |
£195 | £300 | 1% for 2 years | 10% for 2 years | 4.8% |
| 2 Year Discount to 85% LTV – No Fee | 85% | 2.74%
(RMVR -2.25%) |
£0 | £0 | 1% for 2 years | 10% for 2 years | 4.8% |
| 2 Year Discount to 90% LTV – £995 | 90% | 3.49%
(RMVR -1.50%) |
£195 | £800 | 1% for 2 years | 10% for 2 years | 5.0% |
Paul Darwin, head of intermediary lending at Skipton, said: “We’re really pleased to offer this highly competitive new discount product range, which offers fee and rate options to suit a number of different borrower requirements. This suite of new products includes some market leading low rates which we anticipate will be well received.
“We’re always looking for ways to offer brokers and customers more choice in their mortgage options, as we know it really isn’t a case of one-size-fits-all when it comes to buying or moving home. So this new low rate discount range, coupled with the announced reduction in our MVR, reflects the ongoing popularity of Skipton and our products.”