The latest lender to join the government-backed Help to Buy equity loan scheme is Skipton Building Society with a range of fee free mortgages and £500 cashback on completion.
Buyers have the choice of two, three and five-year fixed rate products as well as two and three-year discounted rate mortgages.
The rate on the two-year fix is 2.89 per cent, the three-year fix is 3.09 per cent and the five-year fix is 3.69 per cent.
On the discounted variable rates, the two-year product is 2.59 per cent while the three-year discount is 2.69 per cent.
These new products are available through the society’s Skipton Direct customer service centre, online from skipton.co.uk and via selected intermediaries.
Kris Brewster, Skipton’s head of products, said: “We already punch well above our weight in terms of keeping Britain moving and enabling a variety of people to get the keys to their dream homes. Our existing range of higher loan-to-value mortgages receives frequent mentions in independent media best buy tables for providing great value products outside of the Help to Buy scheme.
“However, we’re acutely aware of the struggles first-time buyers still face in trying to get that first step on raising a big enough deposit to get on the property ladder. With this in mind, we’ve decided to strengthen our already competitive higher LTV range with five additional Help to Buy bespoke products.
“As a 160-year-old mutual, our founding values were centred on enabling people to own their own homes. These latest product offerings will see us continue to live out these principles and make home ownership an affordable reality for even more of our members.”
