Skipton BS overhauls BTL range | Product News - Moneyfacts

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Skipton BS overhauls BTL range

Skipton BS overhauls BTL range

Category: Buy To Let
Date: 06/11/2014

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 It is now over 6 months old so the content may be out of date.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 updated its buy-to-let mortgage offerings with a new two-year fixed rate mortgage that compares favourably against market-leaders.

The basics…

This two-year mortgage is competitively priced at 2.49% for second-time buyers and 2.59% for remortgagors at a loan-to-value (LTV) of 60%. A fee of £1,995 is payable.

The finer details…

This mortgage is only available for second-time buyers and remortgagors with a 40% deposit. Those looking to remortgage can profit from an incentive package of free legal fees and free valuation.

Flexible repayment options are offered, with overpayments of up to 10% of the outstanding balance being permitted per year.

Why we like it…

This deal has a competitive rate for second-time buyers and is sure to pique the interest of landlords. The option to make overpayments and the reasonable fee add to this mortgage's appeal, lending it a competitive edge in the market.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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