The Skipton Building Society has released an intermediary update. For full details see their latest product information here. All Skipton products are accessible through our direct to lender mortgage club with payment on completion. Contact us for details.
Skipton Announcement
We’re introducing new Residential and Buy to Let Green Additional Borrowing products.
From 9am Monday 12 December, we’re introducing 3 new Green Additional Borrowing products to our current product range for our existing customers.
As you may know, we recently launched a free EPC Plus service to existing Skipton mortgage customers to help them identify ways to improve the environmental footprint of their properties. you can read more about it on our EPC Plus Article.
These new Green Additional Borrowing products could be a suitable option for those customers who’d like to borrow up to £50,000 to make changes to improve the energy efficiency of their property, and who’d like the reassurance of a fixed rate for a fixed term. We’re also continuing to offer our Green Additional Borrowing Base Rate Tracker products for those who would prefer a variable rate of interest.
We will be launching the following products:
2 year fixed – Residential Additional Borrowing Only
4.90% – 95% LTV – £0 fee
5 year fixed – Residential Additional Borrowing Only
4.75% – 95% LTV – £0 Fee
5 year fixed – Buy to Let Additional Borrowing Only
4.95% – 75% LTV – £0 fee
Additional Information
- Products for Green Additional Borrowing only, at least 50% of the Additional Borrowing must be to fund home improvements which will improve the energy efficiency of the property.
- The same criteria also apply for our existing Residential and Buy to Let Base Rate Tracker Additional Borrowing products currently on sale.
- Only available to customers with an existing Skipton Building Society mortgage.