Fee Free mortgages at Skipton

Fee Free mortgages at Skipton

25th January 2021

Skipton International has announced a temporary ‘fee free’ initiative for all UK Buy-To-Let remortgages, and Channel Island residential and Buy-To-Let mortgages and remortgages.

The award - winning bank has removed its one-off application fee of anything up to £2,999 (fee varies according to product and application source). A property valuation and legal fees will still be required to be paid for by the applicant. The offer runs until the end of February.

Additionally, Skipton is also reintroducing its popular ‘100% Next Generation Mortgage’ in the Channel Islands, which allows parents or grandparents to assist the younger members of their families in getting their foot on the local housing ladder.

Business Development Manager, Roger Hughes, said: “The 100% Next Generation Mortgage provides a unique product for first time buyers to get onto the property ladder in the Channel Islands and will allow many more young Jersey and Guernsey families to take that first step into owning their own property. It is an effective mortgage package where we will lend up to 100% of the purchase price, while taking a 20% guarantee in the form of a property bond.

“At Skipton we are always seeking ways to enhance our mortgage offerings. We hope the fee free saving and changes our affordability criteria will help those looking to purchase property in the Channel Islands or a Buy-To-Let remortgage in the UK.

I would urge anyone interested in finding out more to contact our helpful mortgage team on 01481 730730