Skipton and Bank of Ireland unveil new mortgage products

Skipton Building Society is today lowering rates on a range of residential, non-standard and buy-to-let loans by up to 0.35%.

It is also trimming rates on all new-build fixed-rate products by up to 0.13%. Plus it is introducing a two-year fixed-rate interest-only residential loan at 1.73% to 70% LTV with a £995 fee.

Skipton is also bringing in a three-year Help to Buy fixed rate for house purchases, and offering cashback on remortgage products as an alternative to free legals.

Meanwhile, Bank of Ireland UK has launched new products in its residential, buy-to-let and first start ranges, and trimmed residential rates by up to 0.14%.

Bank of Ireland UK’s 85% LTV rates now start from 1.40% for a two-year fixed, and 90% LTV rates start from 2.05%.

It has trimmed buy-to-let rates by up to 0.20%. A two-year fixed rate at 60% LTV is now 1.49%, while 75% LTV rates start from 1.82%.

The lender’s new first start product rolls buyers’ income together with a sponsor, allowing them to borrow more together. Rates for a two-year first start loan at 90% LTV start from 2.49%. On a 95% LTV loan, rates start from 4.05%.

Bank of Ireland UK director of sales Alison Pallett said:

“We’re so pleased to announce the launch of this new and improved range, and happy to be continually supporting the broker market. Our new rates will further support our brokers to help even more customers.”

20th February 2018