- 23 March 2021
- Posted by: mikey0809
- Categories: Mortgage, Property
An announcement by Skipton Building Society for Intermediaries of their launch for a new 95% LTV mortgage range for first-time buyers only.
Skipton’s standard residential range, the high-LTV mortgage is available on a five-year fix at 4.17%. It charges zero fee.
First-time buyers looking for a property under the shared ownership scheme, the five-year fix is available at 4.52%. This also charges no fee.
Both of the abovementioned have a maximum loan amount of £450,000.
The lender has also issued a 95% LTV two-year fix in its rate switch line up for existing customers only – this is set at 4.14% and, along with zero fee, features a maximum loan amount of £3m.
It is available on a repayment and interest-only basis.
The lender warns that it expects its teams to be busy.
There has been a general move into the 95% LTV market, with both the Bank of Ireland and Accord announcing new deals last week.