Skipton International expands 90% and 100% LTV borrowing limits
The lender has increased its maximum loan sizes for Channel Island customers.
Skipton International has announced changes to its LTV parameters for Channel Islands customers, giving brokers more flexibility for eligible residential cases.
At 100% LTV the maximum loan amount will increase to £600,000, up from £500,000, while 90% LTV loan sizes are up from £600,000 to £800,000.
Kate Le Prevost, assistant manager for business development at Skipton International, said: “These changes are designed to give brokers and their Channel Islands clients more room to manoeuvre as property values and borrowing requirements evolve.
"We know the Channel Islands market, and we aim to be clear and consistent in how we lend, with accessible support when a case needs nuance.
"By increasing the maximum loan amounts at 100% and 90% LTV, we are widening the options available for eligible customers, while keeping responsible underwriting and affordability at the centre of every decision.”
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