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Skipton offering just six residential products via brokers

Skipton Building Society is offering just six residential products via brokers after relaunching a slimmed-down version of its mortgage range.

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The lender temporarily withdrew its entire residential range via brokers, and is now offering just three and five-year fixes.

It has pulled its range of two-year fixes and tracker products, as well as a number of products with different fee options.

The society’s core intermediary range now consists of three and five-year fixes up to 90% LTV, including a three-year fix at 75% LTV at 4.19% with a £195 application fee and £800 completion fee, and a five-year fix at 90% LTV at 6.19% with a £195 application fee and £800 completion fee.

It is still offering 95% LTV deals through selected brokers, as was previously the case.

Skipton has also withdrawn its tracker buy-to-let products and is now offering just two, three and five-year fixes on a buy-to-let basis.

The lender has made identical changes to its direct offering.

Kris Brewster, head of products at Skipton, says: “We’re constantly adapting our mortgage range in response to customer feedback and market trends, and this week’s launch is the latest example of that.

“We’ve slimmed down and simplified our range to focus on three and five-year fixed rates as we believe that, with continued uncertainty over interest rates, people are seeking longer term peace of mind regarding their monthly repayments. With this in mind, we’ve withdrawn our 2-year fixed rate and tracker products for the time being.”

The lender withdrew all of its residential mortgage products via intermediaries between February 14 and 29 due to high levels of demand.

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