Buy To Let Date:
Skipton Building Society has reduced the rate of its five-year fixed rate buy-to-let (BTL) mortgage by 0.16%, earning it an 'excellent' rate as a result.
This mortgage now has a highly competitive rate of 3.09% fixed until 30.4.21, the lowest rate currently offered in its sector. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,995.
This deal is only available to house purchase customers with a deposit of 40%. It is accompanied by an attractive incentive package of free valuation, and also allows overpayments of up to 10% of the outstanding mortgage balance per year.
Landlords hunting for a competitive fixed rate deal will be delighted by this latest reduction, which has made this mortgage the lowest currently available in its sector. An additional bonus is the offer of free valuation, which will help to reduce initial costs, and borrowers can also benefit from the option to make regular or lump sum overpayments.
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