Skipton Building Society is launching a suite of new mortgage products tomorrow (25 October).
A number of the products within Skipton’s new range support first time buyers. The new range includes a limited edition 6.41% 2-year fix at 95% LTV.
For first time homeowners, the range also includes several two and five-year fixes for shared ownership and new build products. Both of these ranges include 95% LTV deals, with Skipton also launching 90% LTVs in the shared ownership range as well.
Charlotte Harrison, Skipton’s head of mortgage products, said: “It’s a great pleasure today to be launching such a competitive range of products, many of which are tailored for first time buyers. We know just how tough it is right now for people wanting to get the keys to their first home, and while we can’t control much of what we’re seeing in the market place over this past month, we are working hard to help wherever we can.
“Following massive success in London earlier this year, just last Thursday we took our innovative Keys to Your First Home first time buyer event to Leeds. With panellists including Iona Bain, the leading voice on millennial money in the UK, and TV presenters and sibling property developers Scarlette and Stuart Douglas, our event sold out – with well over 100 wannabe first home buyers flocking to find answers to all the many questions they have on getting on the property ladder.
“It’s so important to us that we do what we can to help the younger people entering the property market. From being the first financial services provider to offer the Cash Lifetime ISA, right through to delivering quirky events that we know first time buyers want to attend – and of course offer competitive mortgage products too. As a building society this is our purpose and something we work hard to deliver no matter what the markets throw in the way.”
