View more on these topics

Skipton launches B2L and residential deals

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

Skiptonbranch1.tif.jpg

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.”

Recommended

Let dust settle to see true lending trends

February’s lending figures showed the number of first-time buyers in the month had risen by 18% from February 2011, with the value of those mortgages up by 21%.

Week in numbers

31,888 – The number of mortgages that were approved for house purchase in March, figures from the British Bankers’ Association show. 13 – The number of properties worth more than £1m sold in Wales in 2011 compared with six in 2010, according to Bank of Scotland. 26% – The number of people who think now […]

The poor keep on paying more

The effects of inflation on the cost of living do not have an equal impact on all sections of society. As well as suffering from wage stagnation, people on lower incomes have been hit hardest in areas such as food, clothing and fuel

1

Harsh lessons of housing history

Social and economic changes over the past three decades fostered a rise in home ownership from a privileged minority to a whopping 70%. But now the tide has turned and many people who would once have been able to achieve their dream find themselves excluded

Pensions - thumbnail

Changes to capped drawdown tables

The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be. Changes to capped drawdown tables Capped income drawdown involves taking a pension directly from a fund instead of buying an annuity. However, there’s a limit on the maximum amount […]

Newsletter

News and expert analysis straight to your inbox

Sign up