Skipton Building Society - 2-Year Fixed Buy-to-Let to 70% LTV: Low Fee Option
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Skipton Building Society - 2-Year Fixed Buy-to-Let to 70% LTV: Low Fee Option
Type: Fixed-rate buy-to-let mortgage
Fixed term: Until April 30, 2014
Fixed rate: 4.29%
Minimum loan: No minimum
Maximum loan: Up to 70% of valuation subject to a maximum of £500,000
Income multiples: Rental income must be at least 125% of the mortgage repayments calculated at 6%
Flexible features: Overpayments, payment holidays, interest calculated daily
Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, one free valuation up to £615 and free standard legal fees for remortgages, up to five properties allowed within the Skipton group within a total maximum of £1m, up to 10 properties allowed across all lenders
Arrangement fee: £750 completion fee plus £245 application fee
Redemption fee: 4% of amount repaid in the first two years plus interest to the end of the month
Introducer’s fee: Subject to negotiation
Tel: 0800 87 66 010
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