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Skipton BS refines buy-to-let rate

Skipton BS refines buy-to-let rate

Category: Buy To Let

Updated: 31/08/2012
First Published: 29/08/2012

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 It is now over 6 months old so the content may be out of date.

Following a review of its fixed buy-to-let mortgage range, Skipton Building Society has reduced its two year fixed rate by 0.30%.

The basics…

This product offers investors with deposits of 25% or over a rate of 4.49% to 30.9.14. The minimum advance is £25,000 and a flat arrangement fee of £1,495 is payable.

The finer details….

Remortgage borrowers are treated to the incentives of a free valuation and free legal fees, whilst the opportunity to make overpayments of up to 10% of the outstanding balance is offered to all customers.

Why we like it…

As well as a highly competitive rate of 4.49% to 30.9.14, this deal offers a good all round package to buy-to-let investors looking to keep initial costs to a minimum. As a result this product has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.