You are here: Home - News -

Skipton adds to exclusive LISA mortgage range

by:
  • 16/10/2018
  • 0
Skipton adds to exclusive LISA mortgage range
Skipton Building Society has expanded its range of exclusive mortgages for Lifetime ISA (LISA) customers.

 

From October 17, the lender will be offering three two-year mortgages and three five-year mortgages, offering £500 and £1,000 cashback respectively – on top of the £250 cashback given to all Skipton’s LISA customers that take a mortgage with the lender.

The exclusive deals are available from 85% and up to 95% loan to value (LTV).

As part of the range, the lender will offer a two-year fixed rate of 2.30% at 85% LTV and a five-year fix of 2.69% at 85% LTV.

The lender previously offered a 95% LTV mortgage exclusively to LISA customers.

The expansion of the range comes after the government last week rejected calls for the Lifetime ISA to be abolished.

Skipton has opened 120,000 of the cash accounts since it was launched in June 2017.

Kris Brewster, Skipton’s head of products (pictured), said: “We welcome the government’s commitment to the Lifetime ISA product.

“There is clear evidence that the Lifetime ISA helps to answer the needs of a new generation of savers, supporting property ownership and preparation for life ahead.

“Over 120,000 of our members are already using the product to boost their savings, with over nine out of ten looking to buy their first home.

“By widening the choice of loan to value on its LISA exclusive range, the society is further answering the needs of a new generation of savers by assisting them in getting a foot on the property ladder.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
NatWest branch sign
NatWest raises maximum procuration fee

NatWest has raised the maximum procuration fee paid to brokers as part of a six-month pilot.

Close