Buy to Let

Skipton snips buy-to-let rates

Christina Hoghton
Written By:
Christina Hoghton

Skipton Building Society has launched a range of fixed rate buy-to-let mortgages, with interest rates lowered on some products by up to 0.50%.

The society is offering a range of two- and five-year fixed rate deals, with purchase and remortgage products priced separately at 60%, 70% and 75% loan-to-value bands.

The range for purchasers includes a two-year fixed rate at 1.89% to 60% LTV and a five-year fixed rate at 2.99% to 70%, both with a £1,995 fee.

For those wishing to remortgage, the two-year fixed range includes a 2.15% to 60% LTV and a 2.49% at 70% LTV, both with £995 fees. 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: “We are delighted to launch this refreshed fixed rate buy-to-let mortgage range offering lower interest rates. In the present environment of ultra low interest rates, buy to let would seem to be a more and more attractive proposition for potential landlords.

“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.”