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Skipton stops selling 7-year range through direct channel

Skipton Building Society has stopped distributing its seven-year mortgage range through its direct channel.

However, the lender is still accepting applications through brokers for a ”limited time”.

The products still available through brokers include a 60 per cent LTV remortgage-only option at 3.19 per cent as well as 75 per cent version priced at 3.49 per cent, available for purchase and remortgage borrowers.

A 90 per cent LTV purchase-only deal was previously offered at 4.89 per cent.

A spokesman for Skipton BS says “Demand has been lower than we anticipated and so we are withdrawing the products from general sale, though brokers can still offer the deals for now.”

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