Skipton enhances shared ownership lending 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.”