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Skipton Building Society – 5-Year Fixed Buy to Let to 70% LTV

Skipton Building Society – 5-Year Fixed Buy-to-Let to 70% LTV

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until April 30, 2017

Fixed rate: 4.59%

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: £2,250 completion fee plus £245 application fee

Redemption fee: 5% of amount repaid in year one, 4% in year two, 3% in years three to five plus interest to the end of the month

Introducer’s fee: Subject to negotiation

Tel: 0800 87 66 010

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