New Residential Fixed Rates from Skipton
Dear Intermediary,
I am pleased to announce that following reductions in the cost of swaps we are launching selected re-priced low LTV 2 and 3 Year Fixed Rates. Pricing on these products has been reduced by up to 0.21% and are now even more competitive.
We are also continuing to offer options with no completion fee to give you and your clients more choice in finding the best product for their circumstances. Details of all the new products are detailed below:
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| 2 Year Fixed Rate |
2.78% |
50% |
£195 |
£800 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
2.89% |
60% |
£195 |
£800 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
2.99% |
70% |
£195 |
£800 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
3.08% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
3.28% |
75% |
£195 |
£0 |
Purchase and remortgage business |
| 3 Year Fixed Rate |
3.68% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 3 Year Fixed Rate |
3.88% |
75% |
£195 |
£0 |
Purchase and remortgage business |
All end dates are still 30 November. These products are available from 9am tomorrow, Tuesday 19 July.
Therefore, the equivalent current products will be withdrawn at close of business today. Monday 18 July. Please note that the current 2 Year Fixed Rate at 65% LTV is also being withdrawn and not replaced.
For any existing pipeline cases on these withdrawn products ALL signed declarations and support documentation should be uploaded and sent to arrive before 5pm Monday 25 July.
Where a product switch is taking place (changing to a better rate) and our Mortgage Service Centre has commenced processing the application, a £250 fee must be paid up front prior to the product amendment taking place. Please also be aware that the £250 fee is non-refundable if a product switch has taken place.
Please visit our website from tomorrow to find details of our amended mortgage range and where you can also view our refreshed range of Buy to Let Fixed Rates together with our attractive Buy To Let trackers.
Two Stage DIP
On Monday 25 July we will be launching our new 2 stage DIP facility, look out for more details later this week.
Paul Darwin
Head of Intermediary Sales