Skipton International, a leading UK buy-to-let lender for overseas residents, has reduced its rates for loans under £250,000. The reduction of 0.50% applies to both fixed and tracker mortgages.
The reductions come into effect on Monday 19 April 2021, and offer excellent value for money for British Expat and Foreign Nationals who are seeking UK buy-to-let property.
Additionally, the loan to value maximum has recently increased to 75%, and furthermore, the firm has reintroduced the 10% overpayment allowance on all UK buy-to-let mortgages.
This follows the news that Skipton’s UK buy-to-let remortgage applications are currently being offered on a fee-free basis, which equates to the applicant benefitting from no application, product or legal fees. However, the client will be required to pay a valuation fee. The offer is available on any remortgage application.
Roger Hughes, business development manager at Skipton International, said: “With strong demand from overseas residents for UK buy-to-let mortgages, we are always looking for opportunities to make our mortgage proposition more attractive.
“This offer helps us be one of the most competitive players in the UK buy-to-Llet market. To check out how much could be borrowed and the associated monthly mortgage payments, visit Skipton International’s online tool at https://www.skiptoninternational.com/mortgage-calculator/uk.”
Skipton International provides mortgages to British Expats and Foreign Nationals to purchase/ re-mortgage buy-to-let property in England, Wales and the Scottish mainland.
