Skipton cuts BTL rates by up to 0.25%

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Skipton Building Society is tomorrow relaunching many fixed rate buy-to-let mortgages and cutting rates by up to 0.25 per cent.

The lender is offering two- and five-year fixed rate terms with purchase and remortgage products priced separately at 60 per cent, 70 per cent and 75 per cent LTV bands.

The Society’s new purchaser buy-to-let range includes a two-year fixed rate at 1.92 per cent to 75 per cent LTV with a £995 fee.

It also has a five-year fixed rate at 2.83 per cent to 70 per cent LTV with a £995 fee.

For remortgagors, the two-year fixed range includes a fee-free 2.83 per cent rate to 75 per cent LTV and a five-year fix at 2.64 per cent to 70 per cent LTV with £1,995 fees.

Some remortgage products offer free valuation and standard legal fees while others offer free valuation and cashback.

Purchase products include a free standard valuation.

The lender is also introducing a new three-year range.

Skipton head of products Kris Brewster says: “We are delighted to add a new three-year range of products to our refreshed fixed rate buy-to-let mortgage range and to lower interest rates on selected products.”

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