Skipton International expat mortgage customers to benefit from base rate drop
Skipton International will be passing on the full base rate drop by reducing the UK Standard Variable Rate (SVR) for its mortgages by 0.25%. From 1 September 2016, the UK SVR for Skipton International buy-to-let mortgages will go down from 5.25% to 4.99%. Last week’s Bank of England rate cut saw the Base Rate drop from 0.5% to 0.25%, the first move in the base rate since 2009. Jim Coupe, Managing Director, Skipton International, said: “We are delighted to be able to pass on the Base Rate change to our UK SVR and Discount mortgages. Buy-to-let continues to prove a popular investment