Skipton Building Society has moved to reduce its borrowing rates across its buy-to-let mortgage range, by up to 0.28%.
The new buy-to-let range for purchases includes a two-year fixed rate at 1.67% to a 60% LTV and a five-year fixed rate at 2.93% to 70% LTV. Both of these rates come with £995 fees.
Remortgage
There are also a number of attractive remortgage deals for buy-to-let landlords. These include a two-year fixed range at 1.69% up to 60% LTV and a 1.99% at 70% LTV. Again, both of these products come with £995 fees.
All of the remortgage products on offer from Skipton offer free valuation and standard legal fees. In addition, all acquisition products include a free standard valuation.
Skipton moves to reduce buy-to-let rates
Head of products at Skitpon, Kris Brewster, observed: ‘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.’[1]
‘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,’ Brewster added.{1]
[1] https://www.landlordtoday.co.uk/breaking-news/2017/7/skipton-reduce-btl-rates