Skipton Intermediaries
Skipton Intermediaries

Skipton Building Society for Intermediaries

Skipton Building Society has been helping people secure homes since 1853. The vast majority of the Society’s lending is done through intermediaries like you. In fact, without you, it wouldn’t be where it is today.

Proc Fees

Product Gross Net
Fee Min Max Fee Min Max
Residential Product Transfers 0.30% 0.28%
BTL Product Transfers 0.35% 0.33%
Residential* 0.40% £4,000 0.37% £3,500
BTL* 0.50% £3,750 0.45% £3375
Product Type When does the lender pay PMS? Frequency
All Within 2 weeks of completion Weekly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Overview

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Register to place business with Skipton Intermediaries:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

They’re here to support you

With coronavirus (COVID19) dominating the headlines, they wanted to provide some reassurance that they’re aiming to do everything they can to offer the best possible service during this unprecedented time. That’s why they’ve created a Covid19 hub where you’ll find their latest updates on products, policy and how they’re supporting you and your clients during this time.


They’ve also put together a series of FAQs which they’re regularly updating, covering questions you may have around mortgage payment holidays, service, new business and valuations, and documentation, which can be found on their dedicated Coronavirus FAQs Page.

Some of the key reasons to use Skipton Intermediaries:

  • flexible underwriting with a human touch approach; including direct access to underwriters when you need it.
  • no upfront application fees on any Skipton mortgage products.
  • online tools and services designed to help you submit cases quickly and easily
  • personal point of contact to discuss your case via their nationwide network of Business Development Managers and Telephone Business Development Managers, backed up by their Broker Support teams.

Minimum Submission

Providing a fully packaged case first time will significantly improve the time to offer and help out Skipton’s underwriters.


Here’s a checklist of everything they’ll need:

  • Latest P60 (if using additional income).
  • Latest month’s payslip (if employed).
  • Latest full month’s bank statement showing salary credit (also rental income if BTL).
  • Accountant’s Certificate (preferable) OR latest two years’ full signed accounts OR two years’ SA302s and one year of accounts (if self-employed).
  • Any other fees your client has opted to pay up front.
  • Evidence of retirement income, if the term takes your client into retirement.

Useful Links

Products

Choose from a range of Skipton mortgage products for your clients.


Lending Criteria

View lending criteria to assess client suitability.


Useful Literature

Download useful literature and forms.

To Contact Skipton Intermediaries, Click Here


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