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TODAY'S OTHER NEWS

Skipton unveils new retention range

It was announced this morning that Skipton Building Society has launched a range of retention buy-to-let and residential mortgage products in conjunction with Legal & General.

The firm’s buy-to-let products are three-year fixes at 2.64% up to 60% loan-to-value (LTV) and 2.83% to 70% LTV.

Residential products are three-year fixes at 1.74% to 60% LTV and 1.85% to 75% LTV, as well as a four-year fixed rate at 1.99% to 60% LTV and 7-year fix at 2.24% to 75% LTV.

There is also an interest-only five-year fix at 2.2% to 60% LTV.

Kris Brewster, Skipton’s head of products, commented: “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 5 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.”

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