5 Year Fixed Rate UK Buy-To-Let Mortgage

• Application fee of £1,999 for purchased properties. Includes cost of valuation.
• Remortgages, equity release and further advances are charged at £999, which includes the cost of a valuation.

The minimum loan size is £200,000 and the maximum mortgage loan to any individual, together with connected persons is £5 million.

Following the fixed period interest will revert to the Skipton International UK Buy-To-Let follow on rate. This mortgage is portable and can be applied to a new property (subject to it meeting our criteria).

No early repayment charges following the end of the fixed period.

Interest is calculated on a daily basis and monthly payments must be made in arrears by direct debit on the first working day of each month. As with all mortgages, if repaid after the end of period, interest to the date of redemption will be payable.

This mortgage product can be withdrawn at very short notice.

The interest Skipton charges for each month will be calculated and charged daily on a sum equal to the Loan on the day the Loan is advanced to the Borrower in the first month and, for each month thereafter, on a sum equal to the Loan on the last day of the previous month and will be debited to the Borrower’s Loan in advance on the day the Loan is advanced to the Borrower in the first month and on the first day of each month thereafter.

Product fees are non-refundable and must be paid on application. 

On this fixed rate mortgage, lump sum payments of up to 10% may** be made early without charge each year. For the purposes of this calculation, a year is defined as starting on the commencement of the loan and on the anniversary thereafter; the amount is up to 10% of the balance outstanding on that date. This facility cannot be rolled over into subsequent years if the facility is not used in any one year.