New Buy To Let Fixed Rates from Skipton
Dear Intermediary,
I am delighted to announce that we are reducing rates on our Buy To Let Fixed Rate range by up to 0.30%, making them even more attractive within the market. Furthermore, we have reduced the completion fee on two of the products from £1,250 to £995, making these products an even more attractive deal for your clients.
Details of all the new products are detailed below:
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| 2 Year Fixed Rate |
3.99% |
60% |
£245 |
£995 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
3.69% |
70% |
£0 |
£2,495 |
Purchase and remortgage business |
| 2 Year Fixed Rate |
4.19% |
70% |
£245 |
£995 |
Purchase and remortgage business |
The end dates on these products have been extended to 30 November 2013. These products are available from 9am tomorrow, Tuesday 19 July.
All existing Buy To Let Fixed Rates (2 and 3 year) will be withdrawn at close of business tonight, Monday 18 July. Please note that we have decided not to replace the 3 Year Fixed Rates. The existing Buy To Let tracker products will remain available and unchanged.
For any existing pipeline cases on these products ALL signed declarations and support documentation should be uploaded and sent to arrive before 5pm Monday 25 July.
Where a product switch is taking place (changing to a better rate) and our Mortgage Service Centre has commenced processing the application, a £250 fee must be paid up front prior to the product amendment taking place. Please also be aware that the £250 fee is non-refundable if a product switch has taken place.
Please visit our website from tomorrow to find details of our amended Buy To Let range.
Two Stage DIP
On Monday 25 July we will be launching our new 2 stage DIP facility, look out for more details later this week.
Paul Darwin
Head of Intermediary Sales