Skipton cuts BTL rates by up to 0.50%

Skipton cuts BTL rates by up to 0.50%
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.

From tomorrow, Skipton Building Society is launching a new fixed rate buy-to-let range with interest rates lowered on certain products by up to 0.50%.

New rates for purchasers includes a 2-year fixed rate at 1.89% to 60% LTV and a 5-year fixed rate at 2.99% to 70%, both with £1,995 fees.

For those wishing to remortgage, the 2-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.

“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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