Interest rates lowered by up to 0.28%

Skipton Building Society has cut rates by up to 0.28% across its Buy-to-Let range.

This follows last week’s reductions on three 5 Year core residential fixed rates.

The Society’s new buy-to-let range for purchases includes a 2-year fixed rate at 1.67% to 60% LTV and a 5-year fixed rate at 2.93 to 70%, both with £995 fees.

For those wishing to remortgage, the 2-year fixed range includes a 1.69% to 60% LTV and a 1.99% at 70% LTV, both with £995 fees. All remortgage products offer free valuation and standard legal fees, and all purchase products include a free standard valuation.

Yesterday, Skipton reduced rates on three fee free 5 year residential products, including 2.08% to 75% for purchases, and 1.91% to 60% LTV for those wishing to remortgage.

Kris Brewster, the Society’s Head of Products, said: “We are delighted to launch this refreshed fixed rate buy to let mortgage range offering lower interest rates. In the present environment of ultra low interest rates, buy to let would seem to be a more and more attractive proposition for potential landlords.

“Skipton’s buy to let deals continue to prove popular and we believe this new range offers great value for purchasers of buy to let property and for those wishing to remortgage their portfolio.

Full details of Skipton’s refreshed buy-to-let and core residential mortgage range can be found at http://www.skipton.co.uk/mortgages or call our direct customer service team on 0345 8501755 or visit any Skipton branch.