The products will be available from tomorrow and include a two-year fixed residential product at 95 per cent LTV priced at 5.55 per cent. It is available for purchase only and comes with a £495 fee.
There is also a three-year fixed rate at 60 per cent LTV priced at 5.03 per cent. It is available for purchase and remortgage and comes with a £995 fee.
The lender has also brought out a five-year fixed rate at 95 per cent LTV with a rate of 5.42 per cent. It comes with £495 fee and is eligible for purchase-only.
Charlotte Harrison, Skipton’s head of mortgage products, said: “I’m pleased we’re once again able to continue expanding our range to support more new customers to the society. It is great to see the launch of these limited edition products with a rate that is highly competitive within the market.
“Due to these new products being limited edition they will be available on a first-come, first-served basis and may sell out.”
Darlington BS brings out duo of high LTV products
Darlington Building Society will offer two low deposit five-year fixed rate mortgage products to help first-time buyers get on the property ladder.
The first product is a 90 per cent LTV mortgage available nationwide, and the second is available in the local area at 95 per cent LTV. The former has a rate of 6.29 per cent and the latter is priced at 6.49 per cent.
Chris Brown, products and marketing director at Darlington Building Society, said: “At Darlington Building Society, we hope bringing our low deposit, fixed rate mortgages back to the market will provide much-needed opportunities for those looking to buy their own home.
“The turbulent mortgage market has limited the availability of low deposit fixed rate mortgages on a national and local level. By being back in this segment of the market, we are pleased to be able to help those with a low deposit to find their place on the property ladder, both nationally and with our local area exclusive.”
