Skipton will be launching 12 brand new 80% loan to value (LTV) residential products from September 17 and will be reducing the rate of its Track Record Mortgage.
The new 80% LTV products come to bridge the gap between Skipton’s 75% and 85% range, giving customers more choices. to
The 80% LTV products come in a range of options for, purchases and remortgages, two- and five-year product terms, fees that range from no fee, mid fee, and high fees, as well as cashback options.
Examples of two new 80% products include a five-year 80% LTV fixed purchase at 4.35% with a £2,995 fee; and a two-year remortgage at 5.28% with no fee
Skipton’s Track Record Mortgage (a 100% mortgage exclusively for renters) is receiving a rate decrease of 0.05% bringing it down to 5.44%. This comes after last week’s announcement of enhanced policy changes and a brand-new Shared Ownership version of the product.
Commenting on the rate changes Skipton head of mortgage products and proposition Jennifer Lloyd said: “We’re pleased to introduce these new 80% LTV products to our existing mortgage range, these products are designed to offer our customers even more choice and flexibility to suit their individual needs, whether they’re purchasing or remortgaging.”
She added: “Alongside these additions Track Record is also seeing a decrease which adds to the great enhancements announced last week to open the doors to even more trapped renters.”
