Skipton increases BTL rates

Both are available on a loan to value of up to 70%.

Skipton’s 5-year fixed rate buy-to-let deal at 70% LTV with a percentage completion fee is the only product with a cut in rate from 4.99% to 4.89%.

Kris Brewster, head of products at Skipton, said: “We’re pleased to launch this attractive and flexible new range which offers borrowers the opportunity to fix for longer if they are looking for more lasting peace of mind, with no increase in interest rate, albeit with a slightly higher fee.

“Although the rates have increased slightly compared to our previous offering, we believe this range remains competitive and flexible compared to the marketplace.”