Skipton debuts range of limited edition BTL and resi products

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The building society says the suit of home loans comprises a total of six different fixed-rate residential products and two fixed-rate BTL deals “with more attractive rates” than its current standard range, which will be “available for a reduced amount of time”. 

Highlights of these limited edition loans include a five-year residential fixed-rate deal at 60% loan to value, with a £995 fee, at 4.81%. 

A two-year residential fixed-rate offer at 60% LTV, with a £995 fee, at 5.05%. 

And five-year BTL fixed-rate loan at 75% LTV, with a £995 fee, at 5.38%. 

Skipton senior mortgage product manager Jennifer Lloyd says: “We expect these new limited edition mortgage products to be popular, which is why we’ve given them a limited-edition status, as they will likely be available for a limited time only.” 

The move comes after chancellor Jeremy Hunt calmed international debt markets in October, by largely reversing former chancellor Kwasi Kwarteng’s tax-cutting mini-budget on 23 September, which saw the number of products on the market fall sharply while remaining loan prices jumped. Hunt went on to consolidate his measures in the Autumn Statement last month.