Skipton refreshes additional borrowing fixed rate range for residential and buy to let

Skipton Building Society is launching a refreshed range of 2 and 5 Year Fixed Rate additional borrowing products for residential  and buy to let.

Rates reduced on all 2 and 5 Year AB residential and buy to let fixes

Skipton Building Society is tomorrow (Thursday 9 June) launching a refreshed range of 2 and 5 Year Fixed Rate additional borrowing products for residential  and buy to let.

Rates have been lowered by up to 0.34%.

The additional borrowing range for residential purposes includes 2 year fixes at 3.65% to 75% LTV and 4.89% to 90% LTV, and 5 year fixes at 4.59% to  75% LTV and 5.45% to 90% LTV.

Buy to let owners can access additional borrowing at 4.49% to 75% LTV for a 2 year fix, and 5.19% to 75% LTV for a 5 year fix.

There are no completion fees on these products.

Kris Brewster, Skipton’s Head of Products, said: “Whether home owners are looking to make improvements to their property or need the capital for other purposes, Skipton has a range of additional borrowing products available, with no application or completion fees to pay, providing you are an existing mortgage customer.

“We have made additional borrowing even attractive by lowering rates on our range of fixed rate products.”

These refreshed products are available through the Society's Skipton Direct customer service centre, branches and all intermediaries.

Anyone wishing to find out more about additional borrowing or Skipton’s mortgage range in general can visit the Society's website at skipton.co.uk/mortgages.