BTL rates cut at Skipton

Skipton Building Society has announced that it has lowered rates across its buy-to-let range by up to 0.23% available for both purchase and remortgage.

Related topics:  Finance
Warren Lewis
21st June 2018
Skipton 3

According to the lender, the new range includes five-year fixes at 2.29% to 60% LTV with a £995 fee, 2.40% to 70% LTV with a £1,995 fee, and 2.59% to 75% LTV with a £995 fee.

Two-year products include a fee free 2.19% to 60% LTV, and the three-year range includes a 1.99% to 60% LTV with a £995 fee.

Also included in the refreshed buy-to-let range are fee free products offering £350 or £500 cashback dependant on length of fix. These include a two-year fix at 2.59% to 70% LTV and a five-year fix at 2.69% to 60% LTV.

All products offer free valuations, with selected remortgage products also offering standard legal fees.

Kris Brewster, the Society’s head of products, said: “We are delighted to introduce this refreshed buy-to-let range, which can be used for both purchase and remortgage, and offer more products across varying LTVs.

With rate reductions of up to 0.23%, we believe Skipton is offering good competitive products, with a range of completion fees providing more choice.

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.”

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