Skipton expat buy to let mortgage 5 year fixed rate

Skipton International has revealed an expansion in its expat buy to let mortgage criteria, which now allows self-employed borrowers to access its mortgage products. To qualify for the lender’s offers, self-employed customers require an income of £60,000 pounds a year or £75,000 in an equivalent currency. An accountant’s certificate can also be used for income verification.

The lender’s latest product as part of this offer is a very competitive 5 year fixed rate at 4.49%. Available up to 75% loan to value (LTV), this comes with no arrangement fees and a £999 application fee, which covers free valuation and legal work. Skipton has a maximum loan size of £1.5 million for this deal and a minimum of £100,000.

Having widened its international reach, the lender has now added 9 countries to its criteria, including those living in Columbia, Costa Rica, Northern Cyprus, Ghana, Mongolia, Senegal, Sri Lanka, St Vincent and Grenadines and Turkey. Expats living in any of these countries can now purchase an investment property in the UK.

Along with this, Skipton has now cut a selection of its buy to let rates, applying reductions of up to 0.34% on fixed buy to let mortgages. The lender’s buy to let range now consists of a total 36 products, allowing landlords and potential landlord’s greater choice – despite recent changes across the market. This includes 2 and 5 year fixed rate deals from 60% to 75% loan to value (LTV) with purchase and remortgage options.

Other highlights within the newly cut range includes a 2 year fixed rate of 1.99% with a £1,995 fee up to 60% LTV and a fee-free 5 year fix at 3.81% up to 70% LTV. 2 year fixes at 2.75% to 75% LTV and 5 year fixed rates at 3.71% up to 75% LTV are also available for remortgages, both with £995 product fees. All remortgage products also come with free standard valuation and legal fees, and just free standard valuation for purchases.

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