2-yr BTL deal gets a 0.14% rate cut | Product News - Moneyfacts

Product News

2-yr BTL deal gets a 0.14% rate cut

2-yr BTL deal gets a 0.14% rate cut

Category: Buy To Let
Date: 15/04/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.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.

The basics…

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.

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close