Skipton International, which specialises in British buy-to-let mortgages for expats and non-UK residents, will cut rates by up to 40 basis points and launch a three-year fix next week.  

The Guernsey-licensed bank says it will reduce its five-year fixed-rate and two-year retention rate products by 30bps.  

Also, its five-year retention rate offer will be cut by 40bps.  

These deals come to market on 8 August.  

The firm’s five-year UK BTL product currently starts at a 6.29% pay rate (7% APR) at up to 75% loan to value, with a minimum loan of £400,000.  

The business will also add a new three-year fixed-rate BTL deal to its range next Tuesday, which will see applications assessed at its current stress rate.  

Skipton International is part of the Skipton Group, which includes Skipton Building Society as well as Connells and Hamptons estate agents.