Skipton Update

Product Update

We’re making changes to selected products in our BTL and Residential Base Rate Tracker product ranges. Including the rates below:

2 Year Residential Base Rate Tracker – 3.08% – 90% LTV – £995 Fee
No Early Repayment Charge 
Variable rate that tracks 1.33% above the Bank of England Base Rate 

2 Year Shared Ownership Base Rate Tracker – 3.58% – 90% LTV – No Fee
No Early Repayment Charge 
Variable rate that tracks 1.83& above the Bank of England Base Rate 
Available for Existing Customers Only 

2 Year Buy to Let Base Rate Tracker – 2.29% – 75% LTV – No Fee
No Early Repayment Charge 
Variable rate that tracks 0.54% above the Bank of England Base Rate
Only available for existing customers looking to use at least 50% of the funds to green their home
Max loan of additional borrowing is £50k

Key Changes

• Rate increases across our New Business Base Rate Tracker range of up to 0.06%.
• Introduction of a New 90% LTV Base Rate Tracker for Purchases and Remortgages.
• Rate Reductions of up to 0.71% across our Existing Customers Base Rate Tracker range.

We’ve got some great news – we’re switching to paperless mortgage offers. From Thursday 8th September all clients with an email address will automatically receive access to their mortgage offer documents digitally, the same day as they have been produced, this will save them waiting up to 5 working days. You’ll continue to receive a link to the offer documents securely via email, as usual.

Any applications made prior to Thursday 8th September will follow the previous paper process. And paper versions will still be available for new customers who don’t have an email address, or prefer to receive a paper version of the Offer. You’ll be able to select the client’s preference during the application process.