Skipton re-enters BTL market and reduces five-year residential rates

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Skipton Building Society has re-entered buy-to-let lending and also reduced rates across its five-year residential range.

The society has made reductions across its five-year new business range, as well as introducing new deals with no fee options available.

A number of remortgage products have been refreshed including three and five-year fixed rate residential products, and a five-year fixed year buy-to-let product.

Some of the deals include:

  • Five-year fix at 5.63% to 60% loan-to-value (LTV), with no fee, available to residential customers
  • Five-year fix at 5.88% at 95% LTV, with no fee, available to residential customers
  • 5Y 60% £995 fee product at 5.43% reduced from 5.81%

Charlotte Harrison, Skipton’s head of mortgage products, said: “I’m pleased we’re once again able to continue expanding the range to support more new customers to the Society alongside balancing the service we provide to existing customers.

“It’s great to be able to be back in the buy-to-let market following a short break with some new products for landlords. It’s also great to see us reducing rates on our five-year fixes.”

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