New Skipton buy to let mortgage range launched.
The introduction of a new range of buy to let mortgage products was recently announced by the Skipton Building Society, who advise that they are keen to help investors take advantage of the rental market
Skipton only re-entered the buy-to-let market last year and their latest product launch would suggest things are going well. The new buy to let mortgage range includes five new products with differing terms, mortgage fees, rate combinations and loan to value levels.
The lender is offering deals from 2 year fixed rates for 70 per cent LTV through to 5 year fixed rates for 75 per cent LTV, rates are offered from 4.69 per cent to 5.69 per cent. All rates quoted depend on the mortgage terms and the period fixed.
Mortgage fees for the new range are an application fee of £245 and a mortgage completion fee of either £750 or £1,250. Flat fees were chosen to make things as simple as possible for customers. There is one exception to this which is the 5 year 70 per cent LTV deal which has a completion fee of 2 per cent.
Kris Brewster who is head of products at Skipton commented on the product launch advising that it was timed to coincide with the 2012 spring/summer property purchase season. He advised that the new buy to let mortgage range reflects Skipton's view that the rental market is strong, adding that strong tenant demand is expected to increase.
For lenders latest buy to let offers and mortgage comparison contact Deal Direct today.
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