Skipton Building Society buy to let mortgage LTV raised to 75 %.
Good news for investors, Skipton Building Society buy to let mortgage loan to value levels have been raised from 70 %.
A Skipton Building Society buy to let mortgage is now available for up to 75 % LTV, which may help more prospective landlords afford to invest in property.
A new range of 2, 3 and 5 year fixed rate mortgage products have been launched and include various mortgage rate and fee options.
A Skipton 2 year fixed rate mortgage is available for up to 70 % LTV at a rate of 4.69%, a completion fee of £750 and an application fee of £245 will be charged. A 75 % LTV option is also available on a 2 year fixed term offered at a rate of 5.09 % with a completion fee of £1,250 and an application fee of £245.
For a 3 year fixed rate deal Skipton offer a rate of 4.59 % for up to 70 % LTV which comes with a completion fee of £750 and an application fee of £245. A 75 % LTV option is also available for 3 years at 5.39 %, with a £1,250 completion fee and a £245 application fee.
Kris Brewster who is the head of products for the lender commented saying Skipton believe buy-to-let plays a vital role in returning the property market to health.
For the best buy to let mortgage rates currently on offer in the UK contact Deal Direct.
