The Skipton Building Society has revamped its core residential mortgage range and introduced new three-year fixed rate products offering £500 cashback available for purchase and remortgage.
The new range includes rate reductions of up to 0.12 percentage points and ‘Hexit’ products designed for those wishing to switch from their Help to Buy mortgage offering £1,000 cashback.
The Hexit range includes a two-year fix at 2.29% to 75% LTV.
The Skipton’s residential range now includes three-year fixes offering 2.16% to 60% LTV, 2.23% to 75% LTV and 2.42% to 85% LTV, all with £500 cashback and free upfront valuation. These products are available for purchase and remortgage.
Also available are five-year fixes for purchase, including a fee free 2.69% to 90% LTV, and 1.83% to 60% LTV with £1,995 fee.
For those wishing to remortgage, the range offers a fee free two-year fix at 1.99% to 60% LTV and a fee free two-year fix at 2.34% to 90% LTV, both offering free upfront valuation and standard legal fees.
The new range also includes a fee free seven-year fix at 2.99% to 90% LTV for purchase and remortgage.
Purchase products offer free valuation while remortgage products also include free standard legals.
Kris Brewster (pictured), the Skipton’s head of products, said: “Skipton’s new refreshed residential range has an emphasis on offering wide choice and good value and we’re delighted to introduce new three-year fixes offering £500 cashback, as well as continuing to offer our range of ‘Hexit’ products.
“The Society’s clear message continues to be that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale.
“These new products are available through the Society’s Skipton Direct customer service centre, branches and all intermediaries.”