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You are here: Home / Mortgages / Best Mortgage Products / Buy to let Mortgage 7 year fixed rate

by Payam Azadi

Buy to let Mortgage 7 year fixed rate

Skipton Building Society Buy to let Mortgage 7 year fixed rate

Skipton Building Society MortgageSkipton Building Society Buy to let 7 year fixed rate will protect your rental profits until the election and beyond. With all the talk of the Bank of England putting rates up now could be the time to lock in your mortgage payments on your investment properties to secure your future. The product also allows for 10% of the capital balance to be repaid each year without penalty.


Initial Rate: 4.60%
Subsequent:5.19%
The overall cost for comparison is 5.1%

Mortgage best deals
APR The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

  • Features: Fixed until 31/10/2021..
  • Minimum deposit / equity: 40%
  • Valuation fee: FREE
  • Other main lender fees: £245 booking fee. Arrangement fee £750.
  • Early repayment charges: 7/7/7/6/5/4/3% of the amount redeemed 31/10/2021.

MY PRODUCT COMMENTS: Two members of the Monetary Committee recently voted in favour of a rate rise so the signs are well and truly there. This product offers the longest fixed period on the market and could be ideal for the larger loans in your portfolio.

MY LENDER COMMENTS: Skipton Building Society is quiet stringent on the rental coverage needed and number of properties they will take on board. I would recommend that you seek professional advice before selecting them as a lender.


For more information on the Buy to let Mortgage 7 year fixed rate product please complete the enquiry form on this page or call us on 020 7993 2044.


Important Information

Rates current as at 30/9/14. The overall cost for comparison is based on a property value of £250,000 over a 25 year term. Repayment for Residential and Interest only for Buy-to-let.  Eligibility will depend on your own personal circumstances.

The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.

It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.

For full details about the information on this page please read our product research and disclaimer wording.

Your Home is at Risk if you do not keep up with your mortgage repayments.

Payam Azadi

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.

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Filed Under: Best Mortgage Products, Buy to Let Mortgage Tagged With: Skipton Building Society

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AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

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Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

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If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

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