Skipton’s ‘popular’ BTL mortgage deals offer ‘great value’

Skipton Building Society has cut rates on selected buy-to-let mortgages, as competition between mortgage lenders remains strong.

The new buy-to-let range includes a two-year fix at 1.78% for those with a 25% deposit, subject to a £995 fee.

There is also a new fee-free five-year fixed rate deal at 2.5% for those with a 40% deposit.

Both of these deals are for landlords acquiring property.

For buy-to-let landlords remortgaging, Skipton has introduced a new range of two-, three- and five-year fixed rate products.

The two-year deal at 2.63% is availble to those with a 25% deposit, while the five-year fixed rate deal at 2.45% can be accessed by those with a 40% deposit. Both deals are fee-free, while all of Skipton’s buy-to-let range offers free valuations.

Kris Brewster, head of products at Skipton, said: “Skipton’s buy-to-let deals continue to prove popular and we believe this new range offers great value for purchases and those wishing to remortgage their portfolio.”

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