Skipton buy to let mortgage range is extended.
Skipton's buy to let mortgage range has been enhanced by the addition of three new mortgage deals, designed to entice investment landlords keen to add to their property portfolios.
The lender advises it has added the new deals which are a fixed rate and two tracker buy to let mortgage products, to what it considers as an already competitively priced range.
The new fixed rate deal is offered for up to 60% loan to value at 3.89% and the 2 year tracker mortgage deals are for 70% and 75% loan to value offered at 4.19% and 4.59% respectively.
There is a reasonably high completion fee for the 2 year fix at £2250 and for the trackers a £750 fee is charged for the 70% LTV deal and a higher £1250 fee is charged for the 75% LTV deal.
Skipton advise that an application fee of £245 is charged for all new mortgages and free property valuation and legal services apply to remortgages.
Early repayment is allowed but the fee charged will be 3% of the capital repaid and interest to the end of the month. Overpayment is allowed fee free up to 10% per year.
Skipton's head of products commented on the product launch advising that the lender is continuing to cater for private rental demand and increased interest in property investment, adding that the new buy to let deals enhance an already attractive mortgage range.
Contact Deal Direct if you are looking for a competitive buy to let mortgage.
