The Skipton Building Society is launching a refreshed range of two and five-year fixed rate additional borrowing products for residential and buy-to-let, with rates lowered by up to 0.34 percentage points.
The additional borrowing range for residential purposes includes two-year fixes at 3.65% to 75% LTV and 4.89% to 90% LTV, and five-year fixes at 4.59% to 75% LTV and 5.45% to 90% LTV.
Buy-to-let owners can access additional borrowing at 4.49% to 75% LTV for a two-year fix, and 5.19% to 75% LTV for a five-year fix.
There are no completion fees on these products.
Kris Brewster, Skipton’s head of products, said: “Whether home owners are looking to make improvements to their property or need the capital for other purposes, Skipton has a range of additional borrowing products available, with no application or completion fees to pay, providing you are an existing mortgage customer.
“We have made additional borrowing even attractive by lowering rates on our range of fixed rate products.”
These refreshed products are available through the Society’s Skipton Direct customer service centre, branches and all intermediaries.