Skipton International has reduced its UK buy-to-let (BTL) rates for loans under £250,000 by 0.50%, for both fixed and tracker mortgages.
The lender’s maximum loan-to-value (LTV) has also recently increased to 75%, and the firm has reintroduced the 10% overpayment allowance on all UK BTL mortgages.
This follows the news that Skipton International’s BTL remortgage applications are currently being offered on a fee-free basis, which equates to the applicant benefitting from no application, product or legal fees, although the client will be required to pay a valuation fee.
The offer is available on any remortgage application.
Roger Hughes, business development manager at Skipton International said: “With strong demand from overseas residents for UK buy-to-let mortgages, we are always looking for opportunities to make our mortgage proposition more attractive.
“This offer helps us be one of the most competitive players in the UK buy-to-let market.”