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All existing new-build products at 75%, 80% and 85% LTV will be withdrawn at 6pm this evening.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