10/05/2023
Skipton Building Society has launched its long-trailed 100% mortgage product to market, targeting renters looking to step onto the property ladder.
The new 5-year fixed-rate mortgage does not require a guarantor and comes with an interest rate of 5.49% up slightly on the average 5-year fix which comes in at 5%. The product has a max loan size of £600k.
As details emerge on what the Skipton's 100% mortgage looks like brokers have been quick to praise the building society but negative equity fears causes some concern.