Skipton cuts residential and BTL rates by up to 0.28%

Skipton Building Society has cut rates on its five-year fixed rate core residential range.

Related topics:  Mortgages
Rozi Jones
6th July 2017
Skipton
"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."

Five-year fixed rates are now available from 2.08% up to 75% LTV for purchases, and 1.91% to 60% LTV for remortgage.

From tomorrow, Skipton is also cutting rates by up to 0.28% across its buy-to-let range.

The new range for purchases includes a two-year fixed rate at 1.67% to 60% LTV and a five-year fixed rate at 2.93 to 70%, both with £995 fees.

For those wishing to remortgage, the two-year fixed range also includes a 1.69% to 60% LTV and a 1.99% 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.

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