BuildLoan, a lender that specialises in self-build and renovation mortgages, has launched a new intermediary exclusive with Skipton Building Society.
The product is a full status three-year base rate tracker, priced at Bank rate plus 2.39% for three years, before reverting to Skipton’s SVR, which is currently 6.45%.
Loans can be of up to £350,000 and overall LTV is 85%. Land purchase LTV is 95%, while building stages have an LTV of 95% in advance of each stage.
Completions fees are £949 with an arrangement fee of £395, while early repayment is charged at 2% in the first year and 1% in the second and third year.
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