Skipton Building Society will be launching a new range of 5-year fixed rate mortgages tomorrow (Tuesday 4th October).
The Society has responded to customer demand by returning to the market with a range of 5-year fixes to support different borrower needs.
The range includes a 95% loan-to-value (LTV) product to maintain the Skipton’s commitment to backing first-time buyers.
With existing customers unaffected by last week’s temporary withdrawal, the 5-year fixed rate range offers choices for new customers.
It is available for residential borrowing at 75% LTV, with 5.85% price tag (with a max loan of £3m), at 80% LTV at 5.89% and at 90% LTV at 5.99%, all come with a £995 fee.
Skipton will also offer First Homes England product at 95% LTV with a £495 fee priced at 5.95%.
Charlotte Harrison, Skipton’s head of mortgage products, said: “After temporarily withdrawing from the market last week, we promised we’d return as quickly as we could and that’s what we’re doing.
“We’ve prioritised getting 5-year fixes into the market first, as our broker partners are telling us that’s what their clients need most.
“Being member owned, we’re not answerable to shareholders. This means all the decisions we make are based on the long-term best interest of the Society and our customers.
“Having protected our service levels and repriced our range following the changing market conditions, I’m pleased we’re back continuing to support borrowers during such fluctuating times.”
