Skipton launches B2L and residential deals

Skipton Building Society has launched a range of fixed rate mortgages for residential buyers and property investors.

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The range includes two new residential two-year fixes to supplement the society’s existing range of two, three and five-year fixed rate deals at LTVs of up to 90%.

The society’s existing buy-to-let range is being replaced with new two, three and five-year fixed rate buy-to-let products, with rates up to 0.40% lower than those previously available.

On its residential range it is offering a two-year fixed rate at 75% LTV with a rate of 3.89% and early repayment charge of 3% of capital repaid plus interest to the end of the month.

It is also offering a two-year fixed rate at 85% LTV with a 4.58% rate.

Both have an application fee of £195 and completion fee of £800.

For its buy-to-let range it is offering a two-year fixed rate at 70% LTV at 4.69% with a £245 application fee and a £750 completion fee.

It is also offering a two-year fixed rate buy-to-let deal at 4.89% up to 75%, with an application fee of £245 and a completion fee of £1,250.

The society is also offering a number of other buy-to-let deals at 70% and 75% LTV.

The deals are available through the society’s direct customer service centre, branches and all intermediaries.

Kris Brewster, head of products at Skipton, says: “Two-year fixes are proving very popular at the moment and we are therefore delighted to be able to bolster our offering in that area with two very competitive new products.

“And with the private rental sector enjoying a continued resurgence, and many people looking to invest in property rather than cash given the low interest rate environment, we’ve decided to improve on our already attractive buy-to-let mortgage rates in order to cater for that ongoing demand.”