Skipton reduce BTL rates

Skipton Building Society reduced its borrowing rates across its buy-to-let mortgage range by up to 0.28% this morning.

Skipton’s new buy-to-let range for purchases includes a two-year fixed rate at 1.67% to 60% loan-to-value (LTV) and a five-year fixed rate at 2.93% to 70% LTV, both with £995 fees.

There are also some new attractive remortgage deals for buy-to-let landlords, including a two-year fixed range that includes a 1.69% at 60% LTV and a 1.99% at 70% LTV, both with £995 fees. All remortgage products offer free valuation and standard legal fees, and all acquisition products include a free standard valuation.

Skipton’s head of products, Kris 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.

“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.” 

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