You are here: Home - Mortgages - Buy To Let - News -

Skipton launches buy-to-let trackers

0
Written by:
16/07/2012
Skipton Building Society is today launching two new buy-to-let deals.

Both trackers, the cheapest starts at Bank Base Rate (BBR) plus 3.84% (pay rate 4.34%), available up to 70% loan to value (LTV), while an alternative tracker priced at 4.09% plus BBR (pay rate 4.59%) is available up to 75% LTV.

Both come with an application fee of £245 and a completion fee of £750, and an early repayment charge of 1% of the amount borrowed applies throughout the mortgage term.

Free legal fees and valuations are available for remortgages, and the deals are available through the Society’s Skipton Direct customer service centre, branches and all intermediaries.

These mortgages complement the Society’s existing range of two, three and five-year buy-to-let fixes at rates starting at 3.89% from 60% LTV.

Skipton’s Head of Products, Kris Brewster, said:

“Our buy-to-let deals continue to prove popular. We’re launching these new tracker rates in order to offer varied options, whether people prefer the certainty of a fixed rate or would rather benefit from a lower rate now, in the expectation that a Base Rate rise may be still some way off.

“Although the fee on the 70% LTV product has risen slightly, by 0.15%, the rate on the 75% LTV product remains the same and we have offset this with improvements to other product criteria.

“For example, we have reduced the fees payable on the 75% product by £500 and the ERC on both mortgages is now just 1% throughout their term.”

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2191881-estate-agentsss
Property affordability up; first-time buyer numbers rise

The proportion of affordable towns and cities has risen to its highest in a decade according to the latest Halifax...

Close