Skipton increases max LTV across multiple ranges

Jake Carter

October 25, 2021

mortgage size

Skipton Building Society has upped its maximum loan-to-value (LTV) for Joint Borrower Sole Proprietor and non-occupying borrowers, three-four person applications, and family and tenant purchases.

For Joint Borrower Sole Proprietor mortgages and non-occupying borrowers, Skipton has increased the maximum LTV from 85% to 95%.

Meanwhile, for three to four person applications the maximum LTV has been upped from 75% to 95%, and for family and tenant purchases it has risen from 90% to 95%.

Charlotte Harrison, head of mortgage products at Skipton Building Society, said: “We have always recognised the importance of supporting first-time buyers to purchase their own home, and can see that with recent levels of house price growth, saving for a deposit has become even more of a challenge.

“That’s why I’m pleased to see us re-visit our approach to lending on low deposit mortgages in those areas that really can make a difference for buyers.”

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