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Skipton Building Society to cut buy-to-let rates

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  • 14/04/2016
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Skipton Building Society to cut buy-to-let rates
Skipton Building Society is reducing rates on its fixed rate buy-to-let mortgages by up to 0.34% from tomorrow.

The refreshed range will include two and five-year fixed rate deals with purchase and remortgage options from 60% to 75% loan-to-value (LTV).

Highlights from Skipton’s buy-to-let purchase range include a two-year fixed rate at 1.99% with a £1,995 fee available up to 60% LTV and a fee-free five-year fixed rate at 3.81% up to 70% LTV.

For remortgage customers, the two-year fixed range includes a 2.75% to 75% LTV and a five-year fix at 3.71% at 75% LTV, both with £995 fees. All remortgage products offer a free valuation and standard legal fees, and all purchase products include a free standard valuation.

Kris Brewster (pictured), the Society’s head of products, said: “We are delighted to offer this refreshed fixed rate buy to let mortgage range with 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.

“We have a total of 36 products in our buy-to-let range to give landlords and potential landlords plenty of choice and as many different options as possible to help suit their many different needs.”

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