Skipton Intermediaries has launched its first ever range of three intermediary-only products designed exclusively for new build clients.
Brokers making use of any of these new build products will also receive a preferential underwriting service and the ability to extend client offers for up to 12 months on a 6 + 6 basis.
These new products complement Skipton’s new build proposition with extended end dates to allow for longer completion times and include its promise to make all core range purchase deals available to clients of new build houses up to 90% LTV (excluding Help To Buy).
Key product details:
| Product | End Dates | Max LTV | Availability | Incentives | Pay Rate | App Fee | Comp Fee |
| New Build Fix to 31-Jul-17 | 31-Jul-17 | 75% | New Build Houses & Flats Only | £500 cashback | 2.45% | £0 | £0 |
| Free valuation | |||||||
| New Build Fix to 31-Jul-17 | 31-Jul-17 | 80% | New Build Houses Only | £500 cashback | 2.69% | £0 | £0 |
| Free valuation | |||||||
| New Build Fix to 31-Jul-17 | 31-Jul-17 | 85% | New Build Houses Only | £500 cashback | 3.19% | £0 | £0 |
| Free valuation |
In addition, to its first ever new build intermediary exclusives, Skipton Intermediaries is also launching three seven-year intermediary exclusives.
The products also benefit from a new 20% per annum overpayment facility as well as offer free valuations, no completion or application fees and free standard legal fees for remortgaging customers.
Key product details:
| Product | End Dates | Max LTV | Availability | Incentives | Pay Rate | App Fee | Comp Fee |
| 7 Year Fix to 60% | 31-Jan-22 | 60% | Remortgage | Free valuation and standard legals | 3.19% | £0 | £0 |
| 7 Year Fix to 75% | 31-Jan-22 | 75% | Purchase /
Remortgage |
Free valuation Free standard legals for remortgages |
3.49% | £0 | £0 |
| 7 Year Fix to 90% | 31-Jan-22 | 90% | Purchase | Free valuation | 4.89% | £0 | £0 |
Paul Darwin, Skipton’s head of intermediary relationships, said: “Following the success of our recent limited edition first time buyer products we’re delighted to announce the release of our first ever range of new build exclusives, together with a very competitive seven-year fixed rate range of residential products.
“At Skipton Intermediaries we spend a great deal of time talking with and listening to brokers, and it’s thanks to their feedback that we’ve been able to devise these great products and continue to support our broker partners. We know that increasing the supply of housing is important for homeowners and the economy and these latest products give clients more choice in their mortgage requirements.
“We realise that these products are likely to be highly sought-after and therefore they will be available on a first come, first served basis, for a limited time only. But as part of our commitment to our new Real Life Lending charter, Skipton Intermediaries will give brokers five working days to submit all pipeline business following a withdrawal.”
