Skipton cuts buy-to-let rates

Skipton Building Society has launched a new range of mortgages for property investors.

Rates have been reduced by up to 0.20 percentage points across the range of two, three and five-year fixed rate buy-to-let products boasts.

Fees have also been cut.

For example, the rate on its two-year fixed rate product to 70% LTV is now priced at 3.89% from 4.09%.

The 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 recognise that landlords play a vital role in bringing competition and vitality to the struggling mortgage market – as well as providing private letting options for the first time buyers of the future.

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