The additional borrowing range for residential purposes includes two-year fixes at 3.65% up to 75% loan-to-value (LTV) and 4.89% for up to 90% LTV. The lender’s five-year fixes are 4.59% up to 75% LTV and 5.45% up to 90% LTV.
Buy-to-let owners can access additional borrowing at 4.49% fixed for two years, and 5.19% for a five-year fix, both up to 75% of the property’s value.
All the refreshed products come free of completion fees.
Kris Brewster, Skipton’s head of products, said: “Whether home owners are looking to make improvements to their property or need the capital for other purposes, Skipton has a range of additional borrowing products available, with no application or completion fees to pay, providing you are an existing mortgage customer.
“We have made additional borrowing even attractive by lowering rates on our range of fixed-rate products.”
