"In piloting this, we can see how our customers respond, and then tweak the offering based on the feedback our customers give."
Skipton Building Society is making additional borrowing available across all standard residential remortgage and retention products.
Previously, customers only have access to a limited number of products at 75% and 90% LTV.
Kris Brewster, Skipton’s head of products, said: “We’re making this change to our additional borrowing range to enable our customers to have a far greater selection of options. This is clearly good news for customers, and it means they can select the best option for their individual circumstances.
“In piloting this, we can see how our customers respond, and then tweak the offering based on the feedback our customers give. Being a mutual, it’s important we listen to our borrowers, and respond accordingly – doing so, and enabling home ownership, is something we’ve been doing for the last 165 years.”
Skipton will initially offer additional borrowing for direct customers only.