Skipton enhances shared ownership lending criteria
Skipton Building Society has enhanced its shared ownership 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."
The changes will enable customers to staircase in increments of £5,000 or more, as well as staircase to 100% ownership at 95% LTV.
95% LTV lending has now been extended for remortgage and additional borrowing applications, including where the customer is staircasing to 100% ownership.
Additional borrowing has been lowered to a minimum amount to £5,000, down from £10,000, where there is an element of staircasing.
John Scrivens, regional manager at Skipton, said: "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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
