Key Product Details
2 Year Buy-to-Let Fixed Rate to 70% LTV
• Interest rate: 4.19% (was 4.29%);
• Application fee: £245;
• Completion fee: £750;
• Fixed until 30/11/14;
• Early Repayment Charge (ERC): 3/2% of capital repaid plus interest to the end of the month.
2 Year Buy-to-Let Fixed Rate to 75% LTV
• Interest rate: 4.39% (was 4.49%);
• Application fee: £245;
• Completion fee: £1,250;
• Fixed until 30/11/14;
• ERC: 3/2% of capital repaid plus interest to the end of the month.
3 Year Buy-to-Let Fixed Rate to 70% LTV
• Interest rate: 4.59% (was 4.69%);
• Application fee: £245;
• Completion fee: £750;
• Fixed until 30/11/15;
• ERC: 4/3/2% of capital repaid plus interest to the end of the month.
Criteria applicable to all of the above products
• Overpayments of up to 10% per annum allowed without penalty during product term;
• Revert to Bank Base Rate plus 4.45%, currently 4.95%;
• Free legals and valuations available on remortgages.
These new products are available through the Society’s Skipton Direct customer service centre, branches and all intermediaries.
Kris Brewster, Skipton’s head of products, said: “We’re constantly monitoring the marketplace and adjusting our products and interest rates to ensure they remain among the most attractive available. We continue to experience strong demand from property investors and are delighted to be able to seize an opportunity to make our buy-to-let product rates even more competitive.”
