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TODAY'S OTHER NEWS

Skipton reduces buy-to-let rates by up to 0.25%

Skipton Building Society this morning relaunched a number of its fixed rate buy-to-let mortgages cutting rates by up to 0.25%.

The society is offering a new range across two- and five-year fixed rate terms with purchase and remortgage products priced at 60%, 70% and 75% loan-to-value (LTV) bands.

The lender’s new purchaser buy-to-let range includes a two-year fixed rate at 1.92% to 75% LTV with a £995 fee, as well as a five-year fixed rate at 2.83% to 70% LTV with a £995 fee.

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Skipton has also introduced a new three-year range.

Kris Brewster, Skiptons head of products, said: “We are delighted to add a new three-year range of products to our refreshed fixed rate buy-to-let mortgage range and to lower interest rates on selected products.” 

For remortgagors, the two-year fixed range includes a fee-free 2.83% rate to 75% LTV and a five-year fix at 2.64% to 70% LTV with £1,995 fees.

Some remortgage products offer free valuation and standard legal fees while others offer free valuation and cashback.

“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,” Brewster added. 

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