Skipton reduces additional borrowing rates

Additional borrowing rates on a new range of two, three and five year fixed rate mortgage products launched by Skipton Building Society for residential and buy-to-let have been reduced.  

Buy-to-let rates now start at 3.64% to 75% loan-to-value (LTV) for a two year fix and 4.39% to 75% LTV for a five year fix.

Rates on residential products are slightly lower and start from 3.5% at 75% LTV or 3.79% at 90% LTV for a two year fix rate deal.

All products come without completion fees.

Kris Brewster, Skipton’s head of Products, said: “Whether home owners are looking to make improvements to their property or need the capital for other purposes, Skipton has a range of additional borrowing products available, with no application or completion fees to pay, providing you are an existing mortgage customer.

“We have made additional borrowing even attractive by lowering rates on our range of fixed rate products.”

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