Skipton cuts Help to Buy fixed rates

1st August 2016

Skipton Building Society has reduced its rates by up to 0.2% on selected Help to Buy products.

The society’s Help to Buy purchase range includes a fee-free, two-year fixed rate at 2.31% up to 70% loan-to-value (LTV) with a free upfront valuation and £500 cashback.

Five-year fixes are available at 2.39% up to 60% LTV with a £995 fee and a free valuation; fee-free at 2.75% to 60% LTV; and at 2.89% to 70% LTV with a free valuation and £500 cashback.

Skipton has also introduced two new Help to Buy remortgage three-year fixes: one at 2.83% up to 70% LTV and another at 2.85% up to 75% LTV, both with free valuations and £500 cashback.

The society has replaced the current free legal incentive on Help to Buy remortgage products with £500 cashback.

Kris Brewster, Skipton’s head of products, said: “We are delighted to offer lower rates on selected products in our Help to Buy range, and to introduce new three-year remortgage products.

“We’re also pleased to continue to offer our two and five-year New Build range, which offers great value for those wishing to purchase their new home.

“We believe our New Build Residential products offer very attractive rates and will help first-time buyers and those looking to move up the housing ladder to realise their dream of moving into a new property.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.