New buy to let mortgage rates launched by Skipton.
A new range of fixed mortgage rates is to be launched by the Skipton Building Society for both residential property purchase and property investment.
Skipton's new range includes new 2 year fixed mortgage rates for residential property purchase which are to supplement the lender's current mortgage range as well as 3 and 5 year fixed rate deals for up to 90% LTV.
Skipton have also announced plans to replace its existing buy to let mortgage range with new 2, 3 and 5 year fixed rate products, rates are to be around 0.40% lower than the existing range.
A 2 year deal for 75% LTV will be offered at 3.89% with an early redemption charge of 3%, a second 2 year fixed rate deal is to be offered at 85% LTV at 4.58%. Both new products will have a mortgage completion fee of £800 and a mortgage application fee of £195.
A 2 year fixed rate for 70% LTV offered at 4.69% with a £750 completion fee and a £245 application fee, will be offered for its buy to let mortgage range along with an alternative 2 year fixed deal for 75% LTV at 4.89%, this product comes with a mortgage completion fee of £1,250 and a mortgage application fee of £245.
A spokesperson for the lender commented on the new range of mortgage rates to be released, saying that as 2 year fixed deals are currently proving highly popular, Skipton are pleased to improve its offer in this area with the addition of competitively priced new products.
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