Mortgage News
Skipton relaunches buy to let product range
Skipton Building Society is to relaunch a range of fixed rate buy-to-let (BTL) products, with selected rates cut by up to 0.25% from December 12.
The society is offering a range of purchase and remortgage products across two- and five-year fixed rate terms, priced separately at 60%, 70% and 75% loan-to-value (LTVs).
The new BTL range for purchasers include:
- Two-year fixed at 1.92% to 75% LTV with a £995 fee
- Five-year fixed at 2.83% to 70% LTV with a £995 fee
The remortgage range includes:
- Two-year fixed at 2.83% to 75% LTV with no fee
- Five-year fixed at 2.64% to 70% LTV with a £1,995 fee
Certain remortgage products come with free valuation and standard legal fees, while others have free valuation and cashback.
Purchase products offer a free standard valuation.
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In addition, Skipton is launching a three-year range of BTL products.
Kris Brewster, the society’s head of products, commented: “We are delighted to add a new three-year range of products to our refreshed fixed rate BTL mortgage range, and to lower interest rates on selected products.”
He added: “Skipton’s BTL deals continue to prove popular and we believe this new range offers great value for purchasers of BTL property and for those wishing to remortgage their portfolio.”