Skipton extends 90% new-build range to all brokers

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Skipton Building Society is opening up its new build lending at 90 per cent LTV to all intermediaries from 20 April.

Before, the higher LTV products were only available to selected brokers.

Skipton is also launching a new build two-year fixed product to 90 per cent LTV at 3.15 per cent, exclusively to intermediaries for two weeks.

The product launches on 20 April and comes with a free valuation, £250 cashback and no up-front fees.

Skipton mortgage product manager Alex Beavis says: “90 per cent LTV new build, particularly on flats, is an underserved segment of the new build market. There aren’t a vast amount of lenders that offer products there, so we’re expecting quite strong demand.”

Last June Skipton increased its maximum LTV on new-build flats to 90 per cent.