View more on these topics

Skipton offering just six residential products via brokers

Skiptonbranch1.tif.jpg

Skipton Building Society is offering just six residential products via brokers after relaunching a slimmed-down version of its mortgage range.

The lender temporarily withdrew its entire residential range via brokers, and is now offering just three and five-year fixes.

It has pulled its range of two-year fixes and tracker products, as well as a number of products with different fee options.

The society’s core intermediary range now consists of three and five-year fixes up to 90 per cent LTV, including a three-year fix at 75 per cent LTV at 4.19 per cent with a £195 application fee and £800 completion fee, and a five-year fix at 90 per cent LTV at 6.19 per cent with a £195 application fee and £800 completion fee.

It is still offering 95 per cent LTV deals through selected brokers, as was previously the case.

Skipton has also withdrawn its tracker buy-to-let products and is now offering just two, three and five-year fixes on a buy-to-let basis.

It has similarly slimmed down its direct offering.

Skipton head of products Kris Brewster says: “We are constantly adapting our mortgage range in response to customer feedback and market trends, and this week’s launch is the latest example of that.

“We have slimmed down and simplified our range to focus on three and five-year fixed rates as we believe that, with continued uncertainty over interest rates, people are seeking longer term peace of mind regarding their monthly repayments. With this in mind, we have withdrawn our 2-year fixed rate and tracker products for the time being.”

The lender withdrew all of its residential mortgage products via intermediaries between February 14 and 29 due to high levels of demand.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com