Skipton launches 80% LTV range and cuts 100% LTV product rate

Skipton is launching 12 new 80% LTV residential mortgage products and reducing the rate of its recently enhanced Track Record mortgage. 

Launching tomorrow (Tuesday 17th September) the new 80% LTV products will to bridge the gap between Skipton’s 75% and 85% range, giving customers more choices to choose from.

The 80% LTV products are available for purchase and remortgage across two and five-year product terms, with a range of fee and cashback options.

Highlights include a five-year fix at 4.35% with a £2,995 fee and a two-year remortgage product at 5.28% with no fee.

In addition, Skipton’s Track Record mortgage (a 100% mortgage exclusively for renters) is being reduced by 0.05%, bringing it down to 5.44%. 

This comes after the recent announcement of enhanced policy changes and a brand-new shared ownership version of the product. 

Jennifer Lloyd, head of mortgage products and proposition at Skipton, said: “We’re pleased to introduce these new 80% LTV products to our existing mortgage range, these products are designed to offer our customers even more choice and flexibility to suit their individual needs, whether they’re purchasing or remortgaging.

 “Alongside these additions Track Record is also seeing a decrease which adds to the great enhancements announced last week to open the doors to even more trapped renters.”