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Skipton launches host of fixes as it hikes LTV for B2L

Skipton Building Society has increased its maximum LTV for buy-to-let to 75%, up from 70%.

In conjunction with the increase it has launched a range of two, three and five-year fixed rate buy-to-let products. It is offering a two-year fixed rate up to 70% LTV at 4.69% with an application fee of £245 and completion fee of £750.

It is also offering a two-year fixed rate up to 75% LTV at 5.09%, with an application fee of £245 and completion fee of £1,250.

Included in the range is a three-year fix up to 70% LTV at 4.59% with an application fee of £245 and completion fee of £750, and a three-year fix up to 75% LTV at 5.39%, with a £245 application fee and £1,250 completion fee.


richard farr

Cost/benefit analysis of MMR faulty, says FSCP

The Financial Services Authority’s cost/benefit analysis into the Mortgage Market Review is seriously flawed, the Financial Services Consumer Panel claims. In its response to the final consultation paper on the MMR, the FSCP has expressed reservations as to whether the cost/benefit analysis could be relied on to guide policy. Its concerns include an inadequate assessment […]

Nationwide helps small builders

Nationwide has launched a scheme that allows smaller builders to get on its NewBuy Guarantee panel. To be on a lender’s panel for NewBuy builders are expected to be able to build around 100 properties during three years. This is because they need to have a range of properties so the risk can be spread […]

U-turn on advice would need new consultation

If the Financial Services Authority were to do a U-turn on its proposals for non-advised sales it would have to consult the industry again, says the Association of Mortgage Intermediaries.

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]


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