BTL 2 Year Fixed Changes
14 December 2011
Due to recent increases in swap rates, Skipton Building Society is withdrawing its current range of BTL 2 Year Fixed Rates at close of business tonight (Wednesday 14 December) and replacing them with rates re-priced upwards by up to 0.30%. End dates will also be extended to 30th April 2014 on these products.
There will be no changes to the BTL 5 Year Fixed Rate or BTL 2 Year Base Rate Trackers at this time.
Product details as follows:
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| BTL 2 Year Fixed Rate |
4.09% |
60% |
£245 |
£995 |
Purchase and remortgage business |
| BTL 2 Year Fixed Rate |
4.39% |
70% |
£245 |
£995 |
Purchase and remortgage business |
| BTL 2 Year Fixed Rate |
4.09% |
70% |
£0 |
£2,495 |
Purchase and remortgage business |
KFI's for the current equivalent products can no longer be obtained from the intermediary website.
Please be aware that you can continue to submit any suitable e-mortgage applications for the products being withdrawn providing they are received by 5.00pm today. Any required supporting documentation, including the e-declaration signed by the borrower(s) should also be uploaded following submission on our e-mortgage site and should be received by our Mortgage Service Centre by 5pm Wednesday 21 December. For any existing pipeline cases on these products ALL support documentation should again be uploaded & sent to arrive before the Wednesday deadline. Any cases not meeting these requirements will be cancelled. All application fees will be collected within 48 hours.
Paul Darwin
Head of Intermediary Sales
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