New Help to Buy deals from Skipton
Skipton Building Society has announced it will launch a range of new build and Help to Buy mortgages on 19th November.
The revised product range will feature rate cuts of up to 0.80 percentage points on new build products and marks a change in the way the society deals with new build customers.
Borrowers purchasing a newly built home will now have access to all of Skipton’s residential core range products or any applicable residential exclusive up to 85% loan-tovalue (LTV). All existing new build products at 75%, 80% and 85% LTV will be withdrawn.
Help to Buy changes
The launch includes rate cuts of up to 0.20 percentage points to existing Help to Buy purchase and remortgage rates, as well as the addition of a new 70% LTV product tier to the existing Help to Buy remortgage range.
All new build business, regardless of product selection, will continue to receive a free upfront valuation, while the Help to Buy range offers free valuation, plus £500 cashback on selected products.
Kris Brewster, Skipton’s head of products, said: “We believe our new build residential products offer attractive rates and will help both first-time and second-time buyers who are looking to move up the housing ladder.”