From 9am tomorrow (17th September) Skipton will launch 12 new 80% loan-to-value (LTV) residential products, and will reduce the rate of its recently enhanced Track Record Mortgage.
The 80% LTV products were introduced to bridge the gap between Skipton’s 75% and 85% range.
The products come in a range of options for purchases and remortgages, 2-year and 5-year product terms, ranging from no fee, mid fee, and high fees, as well as cashback options.
An example of two new 80% products are: a 5-year 80% LTV fixed purchase at 4.35% with a £2,995 fee, and a 2-year remortgage at 5.28% with no fee.
Skipton’s Track Record Mortgage – a 100% mortgage exclusively for renters – is receiving a rate decrease of 0.05% bringing it down to 5.44%.
This followed last week’s announcement of enhanced policy changes and a new Shared Ownership version of the product.
Jennifer Lloyd, head of mortgage products and proposition at Skipton, said: “We’re pleased to introduce these new 80% LTV products to our existing mortgage range, these products are designed to offer our customers even more choice and flexibility to suit their individual needs, whether they’re purchasing or remortgaging.
“Alongside these additions Track Record is also seeing a decrease which adds to the great enhancements announced last week to open the doors to even more trapped renters.”
