Mortgage News
Skipton Building Society launches larger loan mortgages for brokers
Skipton Building Society has launched two intermediary-only mortgage products for customers who want to borrow £300,000 or more up to a maximum of 90% loan-to-value (LTV).
At 90% (LTV) the rate is fixed for five years at 3.78% for purchases. For borrowers with a 25% deposit the rate is fixed for five years at 2.48% for purchases and remortgages.
Fees for the products are set at £2,995.
The addition of the larger loan mortgage products is the latest in a series of enhancements that Skipton has made to its product range. In May the building society increased the LTV on its new build mortgages to 90% and 85% for flats whilst adding dedicated new build underwriters to its team. Last month the lender expanded its buy-to-let criteria for expats to allow retirees to use its mortgage products.
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