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Skipton launches revised new-build and Help to Buy ranges

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  • 18/11/2015
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Skipton launches revised new-build and Help to Buy ranges
Skipton Building Society is launching a revised new-build and Help to Buy product range offering rate cuts of up to 0.8%.

The range, available tomorrow to the entire intermediary market, offers rate reductions on existing new-build products up to 90% loan-to-value (LTV). The deal is offered on house purchases while 85% LTV is available for flats.

Members of Skipton’s specialist new-build panel will also have access to 90% LTV on flat purchases.

All existing new-build products at 75%, 80% and 85% LTV will be withdrawn at 6pm this evening.

Panel members will also get access to rate reductions of up to 0.2% to existing Help to Buy purchase and re-mortgage rates.

It is also adding 70% LTV products to its Help to Buy range, which comes with a mix of fee-free and low-fee products.

New products with fees of £995 are designed to offer a lower initial rate for customers who would rather make smaller monthly payments than receive the benefits of a fee-free product.

Kris Brewster, Skipton’s head of productions, said it believes the range’s ‘attractive rates’ will help both first-time and second-time buyers who are looking to move up the housing ladder by making home ownership an ‘affordable reality’ for more of their members.

 

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