- 2 March 2021
- Posted by: mikey0809
- Categories: Mortgage, Property
New products and cut rates in its range of deals linked to government mortgage support schemes has been added by Skipton Building Society.
The Help to Buy product launched at 60% loan to value, with a rate of 1.79% and £995 fee. This is available for Help to Buy, Help to Buy England 2021-23, and Help to Buy London where government equity loans go up to 40%.
A 2nd new product offers 75% LTV, at 1.99%, with a £995 fee. This is available for Help to Buy and Help to Buy England 2021-23.
Also launched by Skipton are products linked to shared ownership — at 85 and 90% LTV, with fixed rates over two and five years.
Also, it started lending on the Scottish First Home Fund.
Rate cuts of 0.05 to 0.15% apply to selected existing products across the range, and product end-dates are extended to August to allow new builds to finish and for legal completion.
The range is available through intermediaries and direct, apart from the Scottish First Home Fund Scheme, which is broker-only.
Alex Beavis, head of mortgages at Skipton (pictured), said: “We are delighted to launch these products supporting those who might not normally be able to get their feet on the first run of the home-owning ladder.”