Skipton Building Society for Intermediaries is poised to launch two new-build deals at 90 per cent loan to value (LTV).
From Thursday, two and five-year fixed deals at 90 per cent LTV will be available for new-build purchases only and are subject to a £995 fee.
The two-year fixed product will have a rate of 3.16 per cent and the five-year fix will have a rate of 3.51 per cent.
The lender has also made selected rate reductions on its residential and buy-to-let products of up to 0.23 per cent.
One example includes a standard residential two-year fixed at 70 per cent LTV, which will be cut by 0.23 per cent to 1.62 per cent.
The lender will also withdraw its three-year fix at 95 per cent LTV at 10pm tomorrow.
It added that that it would offer a maximum LTV of 85 per cent for new-build flats and it would allow a maximum of 5 per cent developers’ incentives for new-build houses where the LTV was less or equal to 90 per cent.
The lender continued that where the incentive exceeded 5 per cent, the application would be declined irrespective of the LTV and referrals or challenges would not be accepted.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
