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Skipton brings in residential broker exclusives, cuts rates

Money

Skipton Building Society has brought in two broker residential exclusives and cut rates by up to 0.16 per cent.

The exclusive products are a five-year fixed residential purchase loan at 2.85 per cent and 90 per cent LTV and a five-year fix at 1.95 per cent and 60 per cent LTV.

Both have no fee, free standard valuations and free standard legal fees on remortgages.

The lender has also made cuts to its residential core range.

Skipton’s 2.60 per cent two-year fixed residential purchase loan is now 2.44 per cent at 90 per cent LTV.

The firm is also selling a 2.28 per cent five-year fixed residential purchase loan at 85 per cent LTV, formerly 2.35 per cent.

At 70 per cent LTV, the lender’s two-year fixed residential remortgage has been cut from 1.64 per cent to 1.59 per cent.

Skipton director of intermediary relationships Paul Darwin says: “I don’t think there’s ever been quite as much choice available to brokers and their clients, so it’s great that once again we can bring to the market another couple of intermediary exclusives for all our broker partners and reduce the rates on some of our core range too.”

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