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Skipton launches bespoke £1m+ mortgage service

by: Heather Greig-Smith
  • 02/03/2017
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Skipton launches bespoke £1m+ mortgage service
Skipton Intermediaries has launched Skipton Bespoke, designed to help brokers who have clients seeking £1m+ mortgages.

The lender said the proposition recognises that a more flexible approach to product and service is often required for larger loans. After gathering broker feedback, it has launched Skipton Bespoke to increase its levels of high net worth business.

The service will allow brokers to mix and match key product elements to create their own mortgage. It enables them to choose the product term, fee and blend of product incentives they require to best suit their needs.

The service also provides brokers with flexible underwriting by an experienced larger loan team who will ensure all cases are individually assessed and brokers are updated straight away; a dedicated support team to answer any questions; and, uniquely, direct access to Skipton Building Society’s Product Team to help design the exact product for the client.

Kris Brewster (pictured), Skipton’s head of products, said: “This proposition really emphasises the undeniable importance we place on having great relationships with our brokers.

“Customers with large loan needs typically have higher than average incomes, which can often be complex in nature and don’t lend themselves to standard mortgage products. Skipton Bespoke allows brokers and their clients to design a mortgage suited to their individual needs.”

He added: “As part of this bespoke service, brokers will get a premium level of support, giving them direct access to our dedicated team of IRMs, underwriters, product managers and telephone support consultants support team.”

The announcement follows news last week that Scottish Widows has cut rates on £1m+ mortgages in a bid to increase its levels of high net worth business.

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