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Skipton Intermediaries refreshes new-build proposition

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  • 19/05/2015
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Skipton Intermediaries refreshes new-build proposition
Skipton Intermediaries has enhanced the terms of its new-build offering, raising the loan to value ratio on houses on the scheme to 90% and up to 85% for flats.

The renewed proposition for new build which launches today, encompasses a range of residential product, policy and service enhancements.

Additional highlights include a range of residential new-build products offering free valuation at application and up to £1,000 cashback on selected deals.

Longer-term fixed end dates and dedicated new-build underwriters are also available.

Paul Darwin, Skipton’s head of intermediary relationships, said: “Our move from 75% to 85% LTV on flats reflects our belief that the market is being overly cautious in relation to new-build properties, which are being built to a high standard in areas of strong demand.”

Darwin said the addition of a free valuation instructed as soon as a fully packaged case was received would increase the lender’s speed of service.

“Skipton Intermediaries has launched this new-build offering to meet the needs of brokers and their clients, ensuring they can offer clients a great deal along with some seriously speedy service.

“We’ve been working hard to deliver brokers our best new build proposition, with attractive deals from 60% up to 90% LTV, and even 85% LTV on flats, alongside a dedicated new-build team who can answer any of your queries quickly,” he added.

Skipton said the proposition reflected the values set out in its Real Life Lending Charter introduced to brokers last year.

The charter commits to no dual pricing unless in the broker’s favour, no proactive marketing on home or life insurance to intermediaries’ clients, five working days to submit pipeline business following a product withdrawal and timely and clear communications between the lender and broker.

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