Skipton Building Society is re-entering the 95% LTV market with a product aimed at first time buyers.
The product, ‘Mutually Exclusive’, will allow first time buyers to borrow larger amounts if their family members have already demonstrated a commitment to saving with the society. Skipton says the product will restore a link between regular saving and lending entitlements that has disappeared during the boom of recent years. “Mutually Exclusive rewards membership and reflects a link between savings and lending that has been missing from the market for too long. By doing what a mutual does best, we have been innovatively traditional,” says Skipton managing director Steve Haggerty. If an a...
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