The new product is available up to a maximum loan to value of 70% and can be used for either purchase of remortgages.
Paul Shearman, mortgage, protection and general insurance proposition director at Openwork, said: “We are pleased to offer our advisers this exclusive new deal with Skipton which offers not only a competitive rate but also low fees, a combination that should appeal to a wide range of borrowers.
“The remortgage version, which offers a free valuation and legal fees, will be of particular interest to advisers running campaigns in this area, and this is a great product to add to our range.”
Paul Darwin, head of intermediary sales at Skipton, added: “With over 90% of our lending being done through intermediaries, our relationships with mortgage distributors like Openwork are very important to us.
“That’s why we’re delighted to help them respond to their members’ feedback by providing competitive exclusive deals like this one and we hope their clients will be pleased with this latest offer.”
