Skipton International has reduced mortgage rates across its buy-to-let (BTL) fixed rate range and added a 3-year mortgage product.
As part of the changes, new business 5-year fixed rates now start at 4.99%.
Meanwhile, a 3-year fixed rate has been introduced at 5.89%.
The reductions apply across its product range, including for both purchase and remortgage applications, with effect from today (Monday 13th January).
Lorraine McLean, mortgage sales manager at Skipton, said: “The UK’s buy-to-let sector has remained strong despite interest rate fluctuations.
“Recent developments look promising, and the Bank of England’s November 2024 rate cut to 4.75% signals good news for property investors, and projections indicate rates may fall to 4.2% by 2026.
“The market continues to grow steadily with high rental demand and landlord profitability potential reaching great heights.”
