Skipton refreshes additional borrowing fixed rate range

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Skipton Building Society is relaunching its two- and five-year additional borrowing fixed rate products for residential and buy-to-let and is cutting rates by up to 0.34 per cent.

The changes come in tomorrow.

The residential range includes two-year fixes at 3.65 per cent to 75 per cent LTV and 4.89 per cent to 90 per cent LTV.

The range also includes five-year fixes at 4.59 per cent to 75 per cent LTV and 5.45 per cent to 90 per cent LTV.

The 5.45 per cent product has been cut by 0.34 per cent.

Buy-to let-borrowers can access additional borrowing at 4.49 per cent to 75 per cent LTV for a two-year fix, and 5.19 per cent to 75 per cent LTV for a five-year fix.

There are no completion fees on these products.

Skipton head of products Kris Brewster says: “We have made additional borrowing even attractive by lowering rates on our range of fixed rate products.”

These refreshed products are available through the Society’s Skipton Direct customer service centre and branches.