Skipton International reduces mortgage rates

Skipton has reduced mortgage rates across its UK Buy-To-Let fixed rate and Channel Island residential and Buy-To-Let range. This includes the five-year fixed rate products.

Skipton has reduced mortgage rates across its UK Buy-To-Let fixed rate and Channel Island residential and Buy-To-Let range. This includes the five-year fixed rate products.

The 0.50% reductions will be applied across its UK Buy-To-Let product range, including for both purchase and remortgage applications, with effect from Thursday 10 November.

Rates on the five-year UK Buy-To-Let fixed mortgage product start at 4.99% for loans in excess of £500,000, 5.29% for loans of £250,000 to £500,000, and 5.49% for £100,000 to £250,000. Application fees are £1,999 for new mortgages and £999 for remortgages.

Roger Hughes, Mortgage Business Development Manager at Skipton said:

“Despite the base rate rising by a further 0.75%, we are committed to keeping rates as low as possible to support buyers through these challenging times.

“This move is one of the many initiatives we have launched to ease the burden of buying a property or remortgaging in the current market. We will work with the industry and policy makers to do everything we can to keep rates as low as possible.”

Skipton’s new rates will also be available to its network of brokers in addition to direct applications at www.skiptoninternational.com/mortgages