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Skipton announces rate cuts on BTL range

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Skipton announces rate cuts on BTL range

Skipton Building Society has announced that is launching a revamped range of buy-to-let fixes.

Skipton confirmed that they would be offering a range across two and five year fixed rate terms with purchase and remortgage products priced separately at 60%, 70% and 75% LTV bands.

The Society’s new buy-to-let range for purchasers includes 5-year fixed rates at 3.69% to 70% LTV and 3.89% to 75%, both with £995 fees.

According to the announcement, the 2-year fixed range includes a 2.19% to 60% LTV with £1,995 fee, a 2.49% to 60% LTV with £995 and a fee free 3.19% to 60% LTV. The 5-year range includes a fee free 4.17% to 75% LTV. All remortgage products offer free valuation and standard legal fees, and all purchase products include a free standard valuation.


Kris Brewster, the Society’s Head of Products, said: “Thanks to our prudent approach to lending, buy-to-let has always been a valuable and high-performing part of our mortgage portfolio. Our buy-to-let deals continue to prove popular and we are delighted to offer this refreshed fixed rate BTL mortgage range with lower interest rates.

We believe the 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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Latest Comments

Paul
Paul 25 May 2016

Estate agents are pathetic when it comes to fees. They have this 'I had to do it at 1% because that's what the others were quoting' mentality. We are the most expensive agents in our area, charging double...

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HMO Midlands Landlady 24 May 2016

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CommercialTrust 20 May 2016

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Johna
Johna 20 May 2016

"Easier said than done" is what I would say. Of course, it would be more than great to have more in quality and affordability, but I do not trust talk anymore.. What is said is not what is happening.

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Johna
Johna 20 May 2016

in my humble opinion being fair like THE most important! I myself have had bad experience with unfair landlords... not to mention that I know how to do a proper end of tenancy cleaning since I am a fantastic...

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richardrawlings
richardrawlings 18 May 2016

NB - even if we doubled our commission levels in the UK, we'd still be by far the cheapest agents in the entire world.

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Agent_PeeBee
Agent_PeeBee 18 May 2016

Clueless. Someone needs to take these people's computers away from them so they can do no more harm than they already have.

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richardrawlings
richardrawlings 18 May 2016

Nonsense! The cost of selling a house nowadays has little bearing on the fees charged. Don't believe your own spin on this. Fees have spiralled down to pathetic levels in areas where weak agents have allowed...

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Simon Oliver
Simon Oliver 16 May 2016

The best solution is to buy a property that has built-in income generating potential: a nice house with a couple of gites in the grounds is a good start. In France, the rune of thumb is that one 2-bedroomed...

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WPD
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I suggest the answer is to have the notary system being one legal person who represents both parties. Having experienced it a couple of times in France it was a dream compared to our dysfunctional system....

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warren
warren 03 May 2016

It's enough to make me weep into my Pimm's :(

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james anderson 03 May 2016

The sad demise of the croquet lawn...

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