Skipton Building Society has added two new base rate trackers to its buy-to-let mortgage range.
Available at 60% and 70% LTV, and at rates starting from Bank Base Rate (BBR) plus 2.74%,
Up to 60% LTV the rate is Bank Base Rate (BBR) plus 2.74% (currently 3.24%), while the 70% LTV deal is priced at BBR plus 3.09% (currently 3.59%).
There is an application fee of £245 and a completion fee of £995.
The deals are available for both purchase and remortgage, with free legals and valuations for remortgages.
Overpayments of up to 10% per annum are allowed for two years and there is an early repayment charge of 4% of capital repaid for two years.
The new products are now available to the whole of the intermediary market – previously they were only available to selected intermediaries – as well as via Skipton’s branches and Skipton Direct contact centre.
Kris Brewster, the Skipton’s head of products, said: “We now offer both variable and fixed rates on our buy-to-let mortgage range