Skipton’s products currently include a 4.49% 2 year fixed rate and a 5.49% 3 year fixed rate, both available up to 60 per cent LTV with a £245 application fee and £1250 completion fee. A free valuation and free legal fees are available on remortgages.
Commenting, Andy Young, chief executive officer at TBMC said: “We are delighted to have been selected by Skipton Building Society to distribute its new buy-to-let mortgage products, which will be highly competitive in the 60% loan to value bracket. It is really encouraging that Skipton has started lending again in the buy-to-let market and provides positive news for intermediaries and property investors alike.
“The market is definitely picking up and Skipton’s return demonstrates growing confidence in the buy-to-let sector. TBMC, as a buy-to-let specialist with excellent distribution capabilities, has the expertise and experience to help Skipton achieve its targets for new buy-to-let mortgage business.”
Paul Darwin, head of intermediary sales at Skipton Building Society, said: “We are pleased to be working with TBMC to distribute our new buy-to-let product range. TBMC has a wealth of experience in the buy-to-let mortgage market and is highly regarded for its specialist knowledge and processing capabilities. We are confident that they will provide us with the high quality business we are looking for.”