Skipton Building Society mortgages shaken up

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Skipton Building Society mortgages shaken up

Mon 10th Jan 2005

Skipton Building Society has expanded its choices for residential buy-to-let borrowers with the launch of new discount and fixed rate products.

The Buy-to-Let Discount Mortgage now has an initial rate of only 5.69 per cent, whilst the new Buy-to-Let Fixed Rate is fixed at 5.89 per cent until 30 April 2008.

Jennifer Holloway, head of media relations at Skipton Building Society, commented: "We've already made our buy-to-let products more attractive with the recent announcement of increased loan to values and reduced rental income cover.

"Added to this, I am pleased to announce a lower rate of 5.69 per cent on our buy-to-let discount product and the introduction of a new fixed rate product for residential buy-to-let investors at 5.89 per cent."

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