A new landlord mortgage range aimed at property investors has been introduced by Skipton Building Society .
The rates on the home loan options have been reduced by up to 20 per cent and also feature lower charges, while there is flexibility regarding fee choices.
Consumers have the option to select a two, three and five-year fixed-rate deal and Kris Brewster, head of products at the organisation, said the new range has been released in acknowledgement of the vital role performed by proprietors in bringing in competition to the mortgage market.
The industry figure explained these individuals are also playing an important part in handing private letting opportunities to those who are likely to be the first-time buyers of the future.
He stated: “That’s why we’ve worked hard to cater for their needs with a competitive and varied range of product options since re-entering this market a year ago.”
The news comes after Barclays recently revealed a number of new mortgage products, including a reduction of 0.11 percentage points on its two-year fixed-rate deal at 80 per cent loan-to-value.
