Buy To Let Date:
Skipton Building Society has reduced the rate on its two-year fixed buy-to-let mortgage by a significant 0.14%, establishing it in the Moneyfacts charts as a result.
This mortgage now has a competitive rate of 2.65% fixed until 31.8.18, enabling it to take a comfortable place in the charts. It is available at a loan-to-value (LTV) of 70% and has a fee of £995.
This deal is exclusively for second-time buyers with a 30% deposit. An incentive package of free valuation is available, and borrowers can also profit from the opportunity to make overpayments of up to 10% of the outstanding balance.
A remortgage version with a slightly lower rate is also available for landlords who are looking to remortgage their rental property.
Landlords who want a competitive mortgage will welcome this latest rate cut, which has boosted the competitiveness of this deal considerably. The fact that is also offers free valuation and has the option to make overpayments makes this deal even more attractive and means it fully deserves its chart place.
Moneyfacts rating: Excellent
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