Skipton ups BTL LTV to 75pc

Rates for 75% LTV deals begin at 5.09% fixed for two years with a £245 application fee and £1,250 completion fee.

A 5-year fixed rate version also exists with an initial rate of 5.69% with an application fee of £245 and a completion fee of £1,250.

Skipton has also launched a range of 70% LTV products which includes a 2-year fixed rate at 4.69% with an application fee of £245 and a completion fee of £750.

A fee free 5-year fixed rate at 5.19% available up to 70% LTV has also been launched.

The range is available though the society’s direct customer service centre, branches and all intermediaries.

Kris Brewster, head of products at Skipton, said: “Tenant demand has remained strong throughout 2011 and into 2012, according to our estate agent subsidiary, Connells Group, which owns national rental specialist Sequence Lettings.

“Sequence recorded a 14.8% uplift in the number of tenants moving into rental properties through its 95 offices nationally in 2011 compared to the previous year.

“Based on this insight, we believe buy-to-let continues to play a vital part in returning the housing market to health in terms of meeting significant demand for quality private rental properties, which are a vital stepping stone for the first-time buyers of the future, and in contributing to property turnover amid the ongoing, subdued market conditions.

“Therefore we’re keen to continue offering good value and flexible solutions to new and existing landlords, through this new range. We hope that the increase in our maximum LTV will also help to open doors to more people interested in investing in property.”