Skipton for intermediaries already provide a 9 month offer with a 3 month extension on New Build cases, and a 6 month offer with a 6 month extension on purchase and remortgage cases. They have said that they will now consider another three month extension to those stated above, subject to a reassessment of the case.

Where a client is Porting, they currently allow a 6 month gap for your clients to switch an existing Skipton for intermediaries product. They want to support your clients by offering some extra flexibility on this and say that they are happy for you to contact them on your client’s behalf to extend this.

With regards to Additional Income, they have today announced that they will consider using 50% of additional earned income (even if it’s guaranteed) when assessing a client for  affordability purposes. This includes overtime, bonus and commission. They will ask to see evidence of this going back two years and part of that proof should include your client’s latest payslip.