Skipton to reinstate purchase business for resi and BTL

Jessica Nangle

March 30, 2020


Following a recent temporary withdrawal from new purchase business, Skipton Building Society will be reinstating purchase business for both residential and buy-to-let (BTL) lending up to 75% LTV.

This will include both remortgage and purchase business, with new products launching imminently.

The offering will exclude new build, shared ownership, properties over £1m in value and flats with cladding concerns.

Alex Beavis, head of mortgage products at Skipton, said: “We’re living through unprecedented times, and while we needed a little time to take stock and understand the impact this is having, it’s important we continue to offer a broad range of mortgage options to our broker partners.

“Despite the challenging circumstances, I’m really pleased we’ve been able to return to the market just days after we had to step out.

“We’re now finalising the new products and aim to launch them as soon as we can next week.”

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