Skipton
Building Society Buy-To-Let Mortgages
Skipton Building Society Buy-To-Let Mortgage
If
you're looking to invest in the property market then look
no further. The Skipton Building Society Residential Buy-To-Let
Mortgage has been specifically designed to help you make the
most of a property opportunity.
How
you can benefit with the Skipton Building Society Residential
Buy-To-Let Mortgage?
- Up
to 80% loan to value
- Flexible
benefits
- Daily interest
- Payment holidays (subject to conditions)
- No charge for capital repayments up to 10% of the original
loan each year for 2 years
- Early
redemption fees apply, please read the Important Information
Section
- A
free dedicated service provided by your own Skipton Mortgage
Adviser
Skipton
Building Society Legal fees package
If
you are looking to remortgage Skipton Building Society will
pay your legal fees if you use the Skipton Home Conveyancing
Service (£250 cashback in Scotland). If you are looking
to purchase and/or sell a property we have a great fixed scale
legal package. See the Skipton Home Conveyancing Service leaflet
and ask your Mortgage Adviser for details now.
How
much can you borrow?
You can borrow up to 80% of the valuation or purchase price
(whichever is the lower). You should be a current homeowner
in permanent employment, earning a minimum main salary or
before tax profit of £20,000 p.a. The rent or expected
rent on the property must cover the mortgage interest by 1.5
times.
This
Residential Buy-To-Let Mortgage has a maximum loan of £1,000,000,
with a maximum of 3 buy-to-let properties per individual/couple.
The minimum property value is £40,000. If you are looking
to let more than 3 properties, then we have an alternative
product designed exclusively for you.
Skipton
Building Society Insurance
You
can opt to take out an insurance plan through the Skipton
for building cover. However, this is not available when letting
to students. If you decide to arrange your own insurances,
a contingency premium of £50 is payable on completion.
For
further information on a Skipton Building Society Buy-To-Let
Mortgage visit the Skipton Building Society Website.
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