View more on these topics

Skipton Building Society –  2-Year  4.49% Fixed Buy to Let – Direct

Skipton Building Society –  2-Year  4.49% Fixed Buy to Let – Direct

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until May 31, 2013

Fixed rate: 4.49%

Minimum loan: No minimum

Maximum loan: Up to 60% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments

Conditions: Capital repayments of up to 10% a year allowed without penalty,  one free valuation  up to £610 and free 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

Flexible features: Overpayments, payment holidays, interest calculated daily

Arrangement fee: £1,250 completion fee plus £245 application fee

Redemption fee: 4% of amount repaid in the first two years, thereafter interest until the end of the month

Introducer’s fee: None



50% Rate could be axed in 2013 after revenue review

The 50p top rate of tax could be scrapped by 2013 after the Chancellor announced a review of its effectiveness at generating revenue. Reports suggest George Osborne is considering dropping the tax in the 2013 Budget after he reiterated last week that it is only a temporary measure. Osborne said now would not be the […]


StartUp scheme backs young entrepreneurs

A group of private sector executives has established StartUp Britain, which offers up to £1,500 worth of special offers to people setting up a new business. The initiative is backed by 60 global brands, including Axa, Barclays, BlackBerry and Google, as well as the Government. The Treasury is also planning to introduce a 50 per […]

Coalition set for new agreement on spending

Lobbyists suggest that the Conservatives and the LibDems are likely to publish a second coalition agreement aimed at further reducing public spending and promoting growth. Cicero Consulting director and chief corporate counsel Iain Anderson says the Government has moved quickly to implement the first coalition agreement’s agenda and is in active discussions on new policies […]


Aegon teams with Novia for wrap launch

Aegon UK has confirmed it plans to enter the platform market later this year, as revealed by Money Marketing in January 2010. The firm will use Novia to provide the wrap administration for up to five years. The platform will be powered by GBST. Aegon chief executive Adrian Grace says: “We’re bringing together the bespoke […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm