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11 December: Rents Soat As Landlords Pass On Rate Rises
Skipton building society is cutting selected fixed-rate deals for existing residential and buy-to-let customers from tomorrow (12 December), writes Jo Thornhill.
The mutual lender has cut rates on 16 product transfer deals. For residential customers it is offering a five-year fix at 4.65% with a £1,295 fee (60% LTV).
It is also offering a five-year fix for existing BTL customers at 5.24% and a two-year deal at 5.99% (both 75% LTV). Deals have a £995 fee.
Skipton has also reinforced its commitment to helping first-time buyers and those with small (5%) deposits onto the property ladder by introducing mortgage deals at 95% loan-to-value (LTV) for the purchase of new build flats.
Previously, the mutual would not lend at…