New retention range from the Skipton

Published on

The Skipton Building Society has unveiled a new range of retention products for existing customers, including buy-to-let and interest only, several of which will source strongly on sourcing systems.

The mutual has also launched an exclusive retention product with intermediary partners L&G, a five-year fix at 2.09% to 75% LTV, with free standard valuation.

The Skipton’s new residential retention range which includes a three-year fix at 1.74% to 60% LTV; a four-year fix at 1.99% to 60% LTV and a seven-year fix at 2.24% to 75% LTV.

Two new three-year fixes have been launched for existing buy-to-let customers at 2.64% to 60% LTV and 2.83% to 70% LTV.

Meanwhile, a five-year interest only fix is also offered at 2.20% to 60% LTV.

All the above products offer free standard valuation, and all products in these new ranges are fee free.

Kris Brewster (pictured), the Skipton’s head of products, said: “Working in partnership with brokers to offer clients access to our full range of retention and new business deals is at the heart of our strategy in 2018.

“In addition, we are delighted to partner with L&G to offer an exclusive five-year retention deal to maturing customers should that give access to a preferential rate. We believe this is the first of its kind and demonstrates our commitment to working in partnership with brokers at the point of retention.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...