The Skipton Building Society has cut rates by up to 0.69 percentage points on its Help to Buy product range.
The purchase range offers £500 cashback and free upfront valuation, while remortgage products offer £1,000 cashback and free upfront valuation, and all products are fee free.
Skipton’s Help to Buy purchase range includes a two-year fixed rate at 2.05% to 75% LTV and a five-year fixed rate 2.51 to 75% LTV.
For those looking to remortgage, the range includes a two-year fix at 2.37% to 75% LTV and a five-year fix at 2.65% to 75% LTV.
Product details
Product | End Dates | Max LTV | Availability | Incentives | Pay Rate | Cash Back | Comp Fee | |
| Help to Buy (Purchase) | ||||||||
| HTB 2 Year Fixed Rate – Cashback | 31-Jan-20 | 75% | Purchase | Free standard val | 2.05% | £500 | £0 | |
| HTB 2 Year Fixed Rate – Cashback | 31-Jan-20 | 80% | Purchase | Free standard val | 2.42% | £500 | £0 | |
| HTB 5 Year Fixed Rate – Cashback | 31-Jan-23 | 75% | Purchase | Free standard val | 2.51% | £500 | £0 | |
| HTB 5 Year Fixed Rate – Cashback | 31-Jan-23 | 80% | Purchase | Free standard val | 2.89% | £500 | £0 | |
| Help to Buy (Remortgage) | ||||||||
| HTB 2 Year Fixed Rate | 31-Jan-20 | 75% | Remortgage | Free standard val | 2.37% | £1,000 | £0 | |
| HTB 3 Year Fixed Rate | 31-Jan-21 | 75% | Remortgage | Free standard val | 2.58% | £1,000 | £0 | |
| HTB 5 Year Fixed Rate | 31-Jan-23 | 75% | Remortgage | Free standard val | 2.65% | £1,000 | £0 |
Kris Brewster, the mutual’s head of products, said: “We are delighted to offer lower rates on our new Help to Buy range, demonstrating Skipton’s continued commitment to supporting the needs of the new build market.
“We believe this new range offers great value for purchasers and for those wishing to remortgage their existing new home.”
