Skipton launches fixed-rate mortgages
New buy-to-let products will replace existing range with lower rates.
Skipton Building Society has launched a two-year fixed rate residential mortgage and reduced its buy-to-let rates with the introduction of new products.
The two residential fixed-rate mortgages will supplement the Society’s two, three and five-year fixed rate offerings at up to 90 per cent loan-to-value.
Skipton is scrapping its existing buy-to-let range, replacing it with new two, three and five-year fixed rate buy-to-let products with rates up to 0.40 per cent lower than their predecessors.
Kris Brewster, head of products for Skipton, said: “Two-year fixes are proving very popular at the moment and we are therefore delighted to be able to bolster our offering in that area with two new products.
“And with the private rental sector enjoying a continued resurgence, and many people looking to invest in property rather than cash given the low interest rate environment, we have decided to improve on out buy-to-let mortgage rates in order to cater for that demand.”