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Skipton Building Society – Buy-To-Let Discount

Skipton Building Society

Buy-To-Let Discount

Type: Discounted-rate buy-to-let mortgage

Discounted term: Three years

Discount: 1.2%

Payable rate: 5.69%

Minimum loan: 25,000

Maximum loan: Up to 85% of valuation subject to a maximum of 300,000, up to 80% of valuation subject to a maximum of 1m

Income multiples: Up to 85% of valuation Rental income must be at least 130% of mortgage repayments, up to 80% of valuation at least 125% of mortgage repayments

Conditions: Capital repayments up to 10% a year allowed without penalty, free legal fees and valuation for remortgages up to 500,000 or 475 contribution for remortgages over 500,000

Arrangement fee: 299 plus 100 application fee

Redemption fee: 3% in first three years

Introducers fee: Subject to negotiation

Tel: 08706 061621

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