3 Year Tracker UK: Buy-To-Let mortgage
This mortgage guarantees to track the Bank of England base rate for 3 years (with a minimum base rate floor of 3.00%). It is also Skipton International's lowest current rate for UK Buy-To-Let mortgages.
UK Buy-To-Let Mortgages
| Product Features | LTV | Minimum Loan | Interest Rate | APR | Product Fee | Application Fee | Early Repayment Charges |
|---|---|---|---|---|---|---|---|
Guaranteed to track the Bank of England Base Rate for three years (with a minimum base rate floor of 3.00%). Available for purchases and remortgages | Up to 75% | £100,000 to £250,000 | 5.89% (Base + 1.89%) | 6.4% | Fee Free* | £1,999 for purchased properties. Includes cost of valuation. Re-mortgage is fee free. Valuation fee is payable once underwritten. | Year 1 – 3% Year 2 – 2% Year 3 – 1% |
| £250,001 to £500,000 | 5.59% (Base + 1.59%) | 6.3% | |||||
| £500,001 and above | 5.29% (Base + 1.29%) | 6.2% |
Skipton International UK Buy-To-Let Follow on rate is currently 6.34%
With effect from 22 February 2023
*Limited time offer
Information
The minimum loan size is £100,000 and the maximum loan to any individual, together with connected persons is £5 million.
Following the tracker period the interest rate will revert to the Skipton International Buy-To-Let follow on rate. This mortgage product is portable and can be applied to a new UK property (subject to it meeting our criteria).
Interest is calculated on a daily basis and monthly payments must be made in arrears by direct debit on the first working day of each month. As with all mortgages, if the mortgage is repaid after the end of tracker period, interest to the date of redemption will be payable.
Product fees are non-refundable and must be paid on application.
On this mortgage, lump sum payments of up to 10% may* be made early without charge each year. For the purposes of this calculation, a year is defined as starting on the commencement of the loan and on the anniversary thereafter; the amount is up to 10% of the balance outstanding on that date. This facility cannot be rolled over into subsequent years if the facility is not used in any one year.
Our mortgage products can be withdrawn at very short notice.
*Please note this will depend on when the product was taken.