Skipton cuts buy-to-let remortgage rates

Posted on Monday, February 9 by Joy Tibbs

Skipton Building Society has launched a revised range of fixed-rate buy-to-let (BTL) purchase and remortgage products.

The society’s new BTL range for purchasers includes a two-year fixed rate at 3.19% up to 75% loan-to-value (LTV) with a £995 fee; a fee-free two-year fix at 3.69% up to 75% LTV and a three-year fix at 3.68% up to 75% LTV with a £995 fee.

Its three-year fixed-rate remortgage range includes a 3.55% up to 75% LTV with a £1,995 fee; a 3.75% up to 75% LTV with a £995 fee; and a fee-free deal at 4.1% up to 75% LTV. The five-year range includes a fee-free remortgage deal at 4.09% up to 60% LTV. All these deals are offered with free valuations and standard legal fees.

Kris Brewster, Skipton’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 54 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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