It describes the move as ‘breaking new ground’ and says the deals offer long term peace of mind for landlords in an uncertain interest rate environment.
The new range includes high fee options to 75% over each fixed term of two, three, five and seven years and new seven year fixed rate buy to let mortgages, including low rates at 60%, 70% and 75% LTV.
The Society has announced that it is increasing its buy to le let procuration fees by 15 basis points from 0.35% to 0.50% for new BTL cases received from 17 September.
‘This new range of buy to lets really is breaking new ground and certainly offers something for everyone. In particular it’s great for landlords who, thanks to the longer term deals, want to secure their future in terms of buy to let commitments,’ said Paul Darwin, head of intermediary sales at Skipton.
‘We’re also really pleased to announce an increase in buy to let proc fees for brokers. In doing so we’re able to share the benefit of having longer term relationships with customers, thanks to this new range. We continually review our position against competitors and we have seen encouraging growth in the buy to let arena,’ he added.
The new buy to let products are available through the Society's Skipton Direct customer service centre and all intermediaries.
