Skipton cuts B2L rates by up to 0.20%
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Skipton Building Society has launched a refreshed buy-to-let mortgage range, with rates reduced by up to 0.20%.
Affected products include its two-year fixed rate deal at 70% LTV, which has been cut from 4.09% to 3.89%. The product comes with a £245 application fee and a £2,250 completion fee.
Furthermore, its low-fee option two-year fix at 70% LTV has been reduced from 4.39% to 4.29%, and its completion fee has been cut from £995 to £750. Its application fee remains unchanged at £245.
The lender has also launched several new buy-to-let products, including a five-year fix at 70% LTV at 4.59%, which carries a £245 application fee and £2,250 completion fee.
The new products are available both direct and via intermediaries.
Kris Brewster, head of products at Skipton, says: “We’re constantly listening to customer feedback and these latest products reflect some of the features they’ve said they want, including a choice of fee arrangements – as well as even more competitive rates.
“We’re also giving people more flexibility around their choice of product term – with the same rate applicable to the two and three-year products, in return for a slightly higher fee for the longer term option.”
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