Mortgage News
Skipton offers 5-year BTL fix at 4.89%
Skipton Building Society has launched a five-year fixed rate buy-to-let mortgage, available to both new and existing landlords.
The product is available up to 70% LTV and has a fixed rate of 4.89%, with a 2% completion fee.
The loan is offered to a maximum loan amount of £500,000, and offers free legals and valuations for remortgage customers.
Kris Brewster, head of products at Skipton, said: “Swap rates remain unusually low and this is allowing us to offer the kind of longer term fixed buy-to-let rate that would have been almost unheard of in the past.
“This represents a good opportunity for landlords who intend to keep their properties for the long term and prefer the certainty of knowing what their payments are going to be over an extended period of time.
“In light of this, we’re doing everything we can at Skipton to make attractive products available to people wanting to invest in buy-to-let property.”
£2.5m paid to help broker clients benefit from greener homes
Sponsored by Halifax Intermediaries
The product is available direct and through intermediaries.