Skipton cuts BTL remortgage rates

Posted on Monday, April 18 by Joy Tibbs

Skipton Building Society has introduced a refreshed range of fixed-rate buy-to-let (BTL) deals with interest rates reduced by up to 0.34%.

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 (LTV) bands.

Its new BTL range for purchasers includes a two-year fixed rate at 1.99% up to 60% LTV with fees of £1,995 and a fee-free five-year fixed rate at 3.81% up to 70%.

For those wishing to remortgage, the two-year fixed range includes a 2.75% deal up to 75% LTV and a five-year fix at 3.71% up to 75% LTV, both with fees of £995.

All remortgage products offer free valuation and standard legal fees, while all purchase products include a free standard valuation.

Kris Brewster, Skipton’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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