Skipton raises buy-to-let rates

Skipton Building Society has launched a new range of buy-to-let mortgages for property investors.

The range of two, three and five-year fixed rate offers borrowers the opportunity of fixing with no difference in interest rate, as well as a choice of rate/fee combinations.

Rates have risen compared to Skipton’s old range. For example, a two-year fix, up to 70% LTV, is available at 3.99% (was 3.89%) with an application fee of £245 and a completion fee of £2,250.

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 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