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Skipton cuts buy-to-let and residential mortgage rates

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  • 23/01/2018
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Skipton cuts buy-to-let and residential mortgage rates
Skipton Building Society has trimmed rates across its buy-to-let and five-year fixed-rate residential ranges as part of a product refresh.

 

The lender now offers landlords a two-year fixed-rate for purchases with a rate of 1.78% at 75% loan to value (LTV) and a five-year fix at 2.5% and 60% LTV.

Skipton has also launched a range of buy-to-let remortgages offering up to £500 cashback.

All landlord products offer free valuations, and select loans also offer standard legal fees.

At the same time, the lender has reduced rates on a range of five-year residential products, including a 2.65% to 90% LTV for purchases, and a remortgage deal at 2.19% at 85% LTV.

Kris Brewster, Skipton’s head of products (pictured), said: “We are delighted to launch this refreshed fixed-rate buy-to-let mortgage range offering lower interest rates.

“Skipton’s buy-to-let deals continue to prove popular and we believe this new range offers great value for purchasers of buy-to-let property and for those wishing to remortgage their portfolio.

“Skipton’s five-year residential fixed range remains a popular choice for both new and existing customers seeking peace of mind knowing that their mortgage payments are fixed for the longer term,” he added.

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