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.”
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.