Skipton’s new low-deposit mortgage offers free extras for remortgagers

Posted on Thursday, May 5 by Joy Tibbs

Skipton Building Society has launched a new low-rate, low-deposit mortgage for first-time buyers and remortgage customers.

The two-year fixed rate deal is available up to 95% loan-to-value at 5.99%. The application fee is £195 and there is no completion fee. The deal allows overpayments of up to 10% per year and remortgage customers are given free legals and valuations.

Skipton’s head of products, Kris Brewster, said: “As a successful mutual building society, Skipton is committed to helping people achieve their homeownership aspirations.

“This new 95% LTV product follows on from our relaunch back into this market last year and is a big reduction on the previous products we had available.

“This demonstrates our commitment to helping borrowers in this segment and is the latest in a series of innovative solutions we have offered over the past 12 months to help borrowers overcome some of the continued challenges posed by the financial markets and economy.”

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