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Skipton slashes SHO rates and updates retention range

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  • 11/07/2019
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Skipton slashes SHO rates and updates retention range
Skipton Building Society, the fourth largest building society in the UK, has cut rates on its shared home ownership products by up to 0.43 per cent and introduced residential retention products.

 

The range includes a two-year fix at 1.99 per cent to 90 per cent loan to value (LTV) with a £995 fee available for purchase and a five-year fix at 2.49 per cent.

The residential retention products include a new range of two and five year fixed rates available at 60-85 per cent LTV to existing customers only.

The two year fix is offered at 1.39 per cent to 60 per cent LTV with a £995 fee, with a fee-free five year fix at 2.34 per cent, this time to 80 per cent LTV.

All products in the new refreshed retention and shared ownership range offer free standard valuation.

Alex Beavis, Skipton’s head of mortgage products, said: “We’re delighted to give more people the opportunity to realise their dream and get on the property ladder through the shared ownership scheme by offering these new products.”

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