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Skipton launches fixed and BTL deals

by: Paula John
  • 01/05/2012
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Skipton launches fixed and BTL deals
Skipton Building Society has introduced two new two-year fixed rate residential mortgages and cut its buy-to-let rates with the introduction of a raft of new products.

Available both direct and through all intermediaries, Skipton is now offering a two-year fixed rate charged at 3.89%, available up to a maximum of 75% loan to value (LTV), and a new deal fixed at 4.58% for two years, available up to 85% LTV.

These deals supplement its existing range of fixed rates, which are available up to 90% LTV.

At the same time, the society is scrapping its existing buy-to-let range and replacing it with new two, three and five-year fixed rate buy-to-let products with rates up to 0.40 per cent lower than their predecessors.

Kris Brewster, head of products for Skipton, said: “Two-year fixes are proving very popular at the moment and we are therefore delighted to be able to bolster our offering in that area with two new products.

“And with the private rental sector enjoying a continued resurgence, and many people looking to invest in property rather than cash given the low interest rate environment, we have decided to improve on out buy-to-let mortgage rates in order to cater for that demand.”

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