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Skipton launches new buy-to-let mortgage products
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Skipton Building Society has today launched a new range of fixed-rate buy-to-let mortgage products. Interest rates on some products have been lowered by up to 0.5%.
New products include two and five-year term purchase and remortgage deals, which come at 60%, 70% and 75% LTV. Borrowing rates begin at less than 2%.
Fixes
The new two-year fixed rate at 1.89% to 60 LTV and five-year fix at 2.99% up to 70% LTV both come with arrangement fees of £1,995.
For people looking to remortgage, two-year fixed range options include a 2.15% to 60% LTV and a 2.49% at 70% LTV, both with £995 fees.
All remortgage options on offer by Skipton include free valuation and legal fees. All purchase products include a free standard valuation.
Skipton launches new buy-to-let mortgage products
Attractive
According to Kris Brewster, Skipton’s head of products, buy-to-let is still an attractive proposition, especially given the fact that interest rates are now at 0.25%.
Mr Brewster said, ‘we are delighted to launch this refreshed fixed-rate buy-to-let mortgage range offering lower interest rates. In the present environment of ultra-low interest rates, buy-to-let would seem to be a more and more attractive proposition for potential landlords.’[1]
‘Skipton’s buy-to-let deals continue to prove popular and we believe this new range offers great value for purchasers of buy-to-let property and for those wishing to remortgage their portfolio. We have a total of 36 products in our buy-to-let range to give landlords and potential landlords plenty of choice and as many different options as possible to help suit their many different needs,’ he added.[1]
[1] https://www.landlordtoday.co.uk/breaking-news/2016/8/buy-to-let-rates-cut-by-skipton
