Skipton announces reduced UK Buy-To-Let rates

Skipton International has announced that it has reduced its UK Buy-To-Let rates for loans under £250,000. The reduction of 0.50% applies to both Fixed and Tracker mortgages. The reductions offer excellent value for money for British Expat and Foreign Nationals who are seeking UK Buy-To-Let property.

Additionally, the loan to value maximum has recently increased to 75%, and the 10% overpayment allowance on all UK Buy-To-Let mortgages has been reintroduced.

This follows the news that Skipton’s UK Buy-To-Let remortgage applications are currently being offered on a fee-free basis, which equates to the applicant benefitting from no application, product or legal fees. However, the client will be required to pay a valuation fee. The offer is available on any remortgage application.

Roger Hughes, Business Development Manager at Skipton International said:

“With strong demand from overseas residents for UK Buy-To-Let mortgages, we are always looking for opportunities to make our mortgage proposition more attractive.  This offer helps us be one of the most competitive players in the UK Buy-To-Let market. To check out how much could be borrowed and the associated monthly mortgage payments, visit Skipton International’s online tool at https://www.skiptoninternational.com/mortgage-calculator/uk.”

Skipton International provides mortgages to British Expats and Foreign Nationals to purchase/ re-mortgage Buy-To-Let property in England, Wales and the Scottish mainland.  For more information on Skipton International’s range of UK Buy-To-Let mortgages please visit https://www.skiptoninternational.com/UK-mortgages  or call +44 (0) 1481 734000.

• Please note that these changes are effective from 19 April 2021, but can be withdrawn at any time. Please always check with Skipton International as to whether these rates/terms still apply before proceeding.