5 Year Fixed Rate UK: Buy-To-Let mortgage
With a fixed interest rate until 31 March 2028, this product provides the most certainty within our UK Buy-To-Let mortgage range over future mortgage repayments, regardless of what might happen to Bank of England base rates before maturity of the fixed term.
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UK Buy-To-Let Mortgages
Product Features | LTV | Loan Amount | Interest Rate | APR | Product Fee | Application Fee | Early Repayment Charges |
Fixed rate of interest until | Up to 75% | £100,000 to £250,000 | 5.69% | 6.2% | Fee Free* | £1,999 for purchased properties. Includes cost of valuation. Re-mortgage is fee free. Valuation fee is payable once underwritten. | 5% until |
£250,001 to £500,000 | 5.39% | 6.1% | |||||
£500,001 and above | 4.99% | 5.9% |
With effect from 22 February 2023.
* Limited time offer
Information
The minimum loan size is £100,000 and the maximum mortgage loan to any individual, together with connected persons is £5 million.
Following the fixed period interest will revert to the Skipton International UK Buy-To-Let follow on rate (6.34%). This mortgage is portable and can be applied to a new property (subject to it meeting our criteria).
No early repayment charges following the end of the fixed period.
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 repaid after the end of period, interest to the date of redemption will be payable.
Product fees are non-refundable and must be paid on application.
On this fixed rate 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.
This mortgage product can be withdrawn at very short notice
*Please note this will depend on when the product was taken.