"Brokers are dealing with clients with increasingly varied borrowing requirements, so continuing to evolve our criteria is important."
- Jo Phillips - Skipton International
Skipton International has announced updates to its UK buy-to-let (BTL) lending criteria, increasing its maximum loan-to-value (LTV) for limited company (SPV) mortgages to 75%.
The lender has also reduced its minimum loan size to £100,000 across both its UK buy-to-let and limited company (SPV) lending ranges.
Skipton International says the updates form part of its continued focus on strengthening its mortgage proposition and supporting future lending growth.
Jo Phillips, senior manager of mortgage sales at Skipton International, said: "We’re always looking at where we can give brokers greater flexibility and more options for their clients. Increasing our maximum SPV LTV to 75% and reducing our minimum loan size to £100,000 means our proposition can support a broader range of buy-to-let borrowing requirements.
"Limited company lending continues to be an important part of the buy-to-let market. Brokers are dealing with clients with increasingly varied borrowing requirements, so continuing to evolve our criteria is important. These changes give intermediaries another option when finding the right solution for their clients."
