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Skipton Building Society – Buy-To Let Two Year Tracker

Skipton Building Society – Buy-To Let Two Year Tracker

Type: Buy to let tracker mortgage

Tracker term: Two years

Tracker rate: 2.74% above the Bank of England base rate

Payable rate: 3.24%

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 calculated at the rate of 6%

Conditions: Capital repayments of up to 10% a year allowed without penalty in the tracker period, up to five properties with Skipton allowed within a total maximum of £1m, up to 10 properties allowed across other lenders, available direct and through intermediaries

Flexible features: Overpayments, payment holidays, interested calculated daily

Arrangement fee: £995 completion fee plus £245 application fee

Redemption fee: 4% of the amount repaid for 2 years

Introducer’s fee: Subject to negotiation

Tel: 0800 8766010

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