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TODAY'S OTHER NEWS

Skipton refreshes BTL product range

Skipton Building Society has refreshed its buy-to-let and residential product range with reduced rates on selected products.

The society’s buy-to-let two-year fixed rate deals now start at 1.64% up to 60% loan-to-value (LTV) with a £1,995 fee.

Skipton has confirmed that it will accept cases from applicants who have been furloughed. 

However, affordability will be assessed on the new, furloughed income, including any top up contributions made by the employer.

Skipton will also now accept mortgage applications for new build properties up to 75% LTV.

Alex Beavis, Skipton’s head of mortgages, commented: “After the recent uncertainty surrounding the housing market, we’re delighted to announce that we now accept new build mortgage applications, including Help to Buy, up to and including 75% LTV.

“During this difficult and unusual environment, Skipton remains committed to supporting borrowers by providing access to a broad range of competitive mortgage deals. 

“We’re working hard to continue to make our proposition as widely accessible as possible whilst also maintaining the high levels of service brokers and customers expect.”

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