Skipton cuts rates across buy-to-let range

Michael Lloyd

June 21, 2018

Skipton Building Society has cut its rates by up to 0.23% across its buy-to-let range for both purchase and remortgage.

The society’s refreshed buy-to-let range includes 5-year fixes at 2.29% to 60% LTV with £995 fee, 2.40% to 70% LTV with £1,995 fee, and 2.59% to 75% LTV with £995 fee.

The 2-year fixed range includes a fee free rate of 2.19% to 60% LTV, and the 3-year range includes a 1.99% to 60% LTV with £995 fee.

Kris Brewster, the society’s head of products, said: “We are delighted to introduce this refreshed buy to let range, which can be used for both purchase and remortgage, and offer more products across varying LTVs.

“With rate reductions of up to 0.23%, we believe Skipton is offering good competitive products, with a range of completion fees providing more choice.

“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.”

There’s also fee-free products offering £350 or £500 cashback dependant on length of fix. These include a 2-year fix at 2.59% to 70% LTV and a 5-year fix at 2.69% to 60% LTV.

All buy-to-let products offer free valuations, with certain remortgage products also offering standard legal fees.

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