We want to make it easier for your clients to take that step onto the property ladder. That’s why we’re delighted to announce some positive changes to our Shared Ownership lending criteria.
What are the changes?
- We’ve extended 95% LTV lending to remortgage and additional borrowing applications.
- We now allow remortgages of up to 95% LTV where the customer is staircasing to 100% ownership.
- We now allow lending of up 90% LTV if there are incentives on New Build Shared Ownership houses and flats of <=5%.
- We’ve lowered the additional borrowing minimum amount to £5,000 (previously £10,000), where there is an element of staircasing.
- And we’ve updated our product range to reflect these changes.
View our latest lending criteria
“At Skipton Building Society for Intermediaries, we look for ways to help more people own homes of their own, so we’re pleased to announce these fantastic changes to our Shared Ownership criteria.”
-John Scrivens, Regional Manager at Skipton Building Society for Intermediaries.
