Skipton BS launches a new buy to let mortgage range.

The Skipton Building Society has launched a new buy to let fixed rate mortgage range for both new purchase and remortgage.

Included amongst the new products are new 2 and 5 year fixed rate deals at between 60% and 75% LTV, rates start at under 2%.

Range highlights include:

  • A 2 year fix for up to 60% LTV at 1.89%.
  • A 5 year fix for up to 70% LTV at 2.99%.

The fee charged on both products in £1,995, in addition a free valuation is offered.

For remortgaging landlords the lender has also released various new products, range highlights include:

  • A 2 year fix for up to 60% LTV at 2.15%.
  • A 2 year fix for up to 70% LTV at 2.49%.

Both new deals come with a slightly lower fee set at £995, in addition a free valuation and free legal are offered.

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If you are looking to invest in property and would like to compare Skipton’s new product range against the wider market, call us at Deal Direct.

We are fully regulated to offer mortgage advice, however we are not regulated by the FCA to offer general financial advice. If you want to discuss the suitability of property as an investment you will need to contact an IFA. 

Please note: 

Buy to let mortgage applications from:

  • applicants whose intention is to benefit from house price growth
  • applicants whose intention is to benefit from rental income
  • applicants who are letting to buy

will be treated as normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

Call us today on 0800 048 8828 for a buy to let deal.

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Article published: Tuesday, August 23, 2016
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