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Sainsbury's Bank and Skipton reduce buy-to-lease mortgage rates
Sainsbury's Bank and Skipton Building Society have both lowered interest rates on their buy-to-lease mortgages. Sainsbury's Bank has lowered interest rates on two-year and five-year buy-to-let fixed interest rates for both buy and re-mortgages. Purchasing rates were lowered at 75% LTV, while mortgage rates were lowered at 60% and 75% LTV.
This means that at 75% LTV the Creditor now offer two-year 1.70% flat rates with a £1,995 charge on the products, 1.95% with a £995 charge on the products and 2.36% with no charge on the products. In the five year five year five year five year five year fixed interest period at 75% LTV Sainsbury's has interest rates of 2.59% at a £1,995 charge, 2.71% at a 995 charge and 2.83% without charge.
Loan provider also provides a two-year 1.45% flat interest at 60% LTV and a £1,995 charge on the loan. A five-year re-mortgage ratio of 2.16% at 60% LTV and a £1,995 retail charge. The Skipton Building Society has also reduced mortgage rates for purchase and rescheduling by up to 0.23%.
Renewed buy-to-lease bandwidth of the Company now incorporates five-year benchmarks at 2.29% at 60% credit to value (LTV) with a charge of 995; 2.40% at 70% LTV with 1,995 pounds; and 2.59% at 75% LTV with 995 pounds. It also has a two-year free flat 2.19% at 60% LTV, while the three-year flat 1.99% at 60% LTV offers a 1.99% at £995 charge.
Free-of-charge creditor product offers 350 or 500 pounds cash back according to the duration of the fixing. Buy-to-Lease offers free reviews for all Buy-to-Lease offerings, with certain re-mortgage offerings also providing default rights costs. Skipton product manager Kris Brewster said: "We are pleased to present this renewed Buy to Let rank, which can be used for both purchase and chargeback and offers more product for different types of TV.